Mazzucato has been active in advising governments on innovation, industrial strategy and growth policies.
[1] Between 2015 and 2019, she was a member of the international advisory panel of Sitra, the Finnish Innovation Fund. In 2018, she was co-chair of the Commission for Mission-Oriented Innovation and Industrial Strategy informing the Government of the United Kingdom's Industrial Strategy. In 2019, South African President Cyril Ramaphosa appointed Mazzucato to be a member of his Economic Advisory Council, a position where she remains active in providing recommendations for building sustainable and inclusive development.