Debt and Disorder: External Financing for Development

Business & Money

Loxley, John

Economics

Routledge

Debt And Disorder: External Financing For Development (WESTVIEW SPECIAL STUDIES IN SOCIAL, POLITICAL, AND ECONOMIC DEVELOPMENT)

Brem, Maxwell

Westview Press

This text examines the impact of globalization on different countries and regions. Changing patterns of trade, industrialization, debt, aid and other financial flows are analyzed as is the debate about structural adjustment programmmes. Four recent developments likely to have major implications for North-South relations are identified: the efforts to reduce the US deficit; the emergence of regional trading blocs; the implementation of the Uruguay Round of GATT; and the collapse of the Soviet Union. Finally, the likely impact on North-South relations of pursuing alternative paradigms to economic growth is examined.

Interdependence, Disequilibrium, and Growth

Intl Development Research Center

Loxley examines the impact of globalization on different countries and regions. Changing patterns of trade, industrialization, debt, aid and other financial flows are analysed as is the debate about structural adjustment programs. Four recent developments likely to have major implications for North-South relations are identified; efforts to reduce the US deficit; the emergence of regional trading blocs; the implementation of the Uruguay Round of GATT; and the collapse of the Soviet Union. Finally, the likely impact on North-South relations of pursuing alternative paradigms to economic growth is examined.

Interdependence, Disequilibrium and Growth: Reflections on the Political Economy of North-South Relations at the Turn of the Century (International Political Economy Series)

PALGRAVE~MACMILLAN

Social Service, Private Gain: The Political Economy of Social Impact Bonds

Hajer, Jesse

University of Toronto Press

Review\n"This book is a serious advance in state-of-the-art research on Social Impact Bonds because of its global focus and critical theoretical perspective. The authors find SIBs do not deliver on their three claims of increasing resources, promoting more efficient and better quality programs, and expanding the social service sector. The ‘altruistic’ nature of some SIB investors does not improve upon the problems generally found with information and power asymmetries in government contracting." -- Mildred E. Warner, Professor of City and Regional Planning and Global Development, Cornell University\n"Social Impact Bonds are one of the latest instantiations of financial innovation and for more than a decade evangelists have been extolling their virtues. Jesse Hajer and John Loxley’s comprehensive and systematic assessment of the evidence provides an important and long-overdue corrective." -- David Harvie, Centre for Philosophy and Political Economy, University of Leicester\nThe 2008 financial crisis and its subsequent economic impacts generated a challenge for national and regional governments across the world. From this economic ruin, the Social Impact Bond (SIB) was born as an alternative mechanism for government procurement and delivery of social public services. 
Social Service, Private Gain examines the evolution of SIBs, how they work, their theoretical motivation, and their global proliferation. The book critically assesses the potential of SIBs to constructively contribute to solving the multifaceted social challenges emerging from a context of entrenched and growing inequality. Claiming to bring incremental resources to the rescue, SIBs have taken up disproportionate space with new legislation, policy, subsidies, institutional supports, lobbyists, and "intermediaries" facilitating SIBs and thriving on their associated transaction costs. Drawing on mainstream and heterodox economic theory, practical case studies, and empirical data, Jesse Hajer and John Loxley generate new insights based on the limited but still suggestive publicly available data on SIB projects. Challenging the assumptions and narratives put forward by proponents of the model, they offer practical policy recommendations for SIBs and explain what the model tells us about the potential for transformational change for the better.

Alternative budgets are presented as a method of political mobilization that advances fiscally responsible government allocation of resources in this treatise on the enlightened alternatives to the neoconservative agenda of slashing social services. The basics of budgeting, the technical and political contexts of budgeting, and the relationship between budget legislation and fiscal constraints on governments are among the issues discussed to make the more esoteric aspects of budgeting understandable. A budget that emphasizes the needs of poor people, women, and the environment is outlined with information on how to construct alternative budgets, analyze the possibilities of government funding, and mobilize political activists to propose clear, affordable alternatives to neoliberal government cutbacks.

Alternative Budgets: Budgeting as if People Mattered

Fernwood Publishing

PPPs/P3s have become all the rage amongst every level of government in Canada in recent years. Proponents claim P3s reduce the costs of building and operating public projects and services,that projects and services are delivered more efficiently through the P3 model, so that in the end taxpayers are better off economically and as consumers of public goods. This book tests all of these claims, and more, finding them mostly empty, ideological assertions. Through an exhaustive series of case studies of P3s in Canada ― from schools, bridges and water treatment plants to social services and hospital food ― this book finds that most P3s are more costly to build and finance, provide poorer quality services and are less accessible than if they were built and operated by public servants. Moreover, many essential services are less accountable to citizens when private corporations are involved.

Public Service, Private Profits: The Political Economy of Public-Private Partnerships in Canada

Loxley, Salim

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