Revitalizing development policy : a mission-oriented strategy for sustainable finance and regional synergy

Farkas, Sára (2025) Revitalizing development policy : a mission-oriented strategy for sustainable finance and regional synergy. GRADUS, 12 (1). ISSN 2064-8014

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Abstract

This study aims to examine the evolving role of the state in development policy and finance in the context of today’s rapidly changing, innovation-driven economy. It explores Mariana Mazzucato’s mission-oriented policy framework, which emphasizes the state’s active role in fostering sustainable development. The study concludes by proposing a financial system that effectively supports sustainable development goals, involving public development finance institutions and a blended finance system that integrates public resources with private investment. Additionally, Mazzucato’s framework calls for regional development finance institutions to coordinate territorial development initiatives, ensuring alignment with regional strategic priorities.

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