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Industrial policy with conditionalities: a taxonomy and sample cases

Mariana Mazzucato & Dani Rodrik

Industrial and Corporate Change2026https://doi.org/10.1093/icc/dtaf063article
AJG 3ABDC A
Weight
0.50

Abstract

This paper looks at how industrial strategy can use conditionalities to make sure that public-private partnerships are goal-oriented with conditionalities that serve public purpose. Conditionality can be a key tool to shape markets and foster inclusive and sustainable economic growth. We develop a taxonomy to understand the range of conditionalities that governments and policymakers can consider when structuring calls for proposals, funding agreements, partnership contracts, tax incentives, regulatory frameworks, and other policies aimed at shaping the economy for the common good. The paper first provides an analytical framework for exploring the role that conditionality can play in modern industrial strategies. It then highlights a range of global case studies (lessons learned, both positive and negative) to explore the different dimensions of conditionalities and what they can achieve in practice.

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https://doi.org/https://doi.org/10.1093/icc/dtaf063

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@article{mariana2026,
  title        = {{Industrial policy with conditionalities: a taxonomy and sample cases}},
  author       = {Mariana Mazzucato & Dani Rodrik},
  journal      = {Industrial and Corporate Change},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1093/icc/dtaf063},
}

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Industrial policy with conditionalities: a taxonomy and sample cases

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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