Mariana Mazzucato: Public sector procurement is a $13 trillion global market

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Public sector procurement totals $13 trillion

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2 hours ago

Mariana Mazzucato: Public sector procurement is a $13 trillion global market — Public sector procurement totals $13 trillion

Mariana Mazzucato, professor of economics of innovation and public value at University College London, highlights that public sector procurement of goods and services from private firms amounts to a $13 trillion market every year worldwide.

She also mentions her upcoming panel discussion with representatives from the OECD, UK energy sector, and local government.

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Mazzucato has previously argued that economic growth requires clear direction and should be defined by concrete goals, advocating for the Common Good Economy as a guiding framework. In earlier commentary, she called for placing the common good at the heart of economic design. Her recent comments on public sector procurement follow this broader push for rethinking economic strategy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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