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Social Impact Bonds.pdf

Political-Economy-Private-Financed-Social-Services.pdf

🔗 Source: european-services-strategy.org.uk

📊 Size: 284 KB

📄 Pages: 11 pages

⬇️ Downloads: 106

Summary

The growth of impact investing and Social Impact Bond (SIB) projects is examined in the context of public sector transformation and neoliberal ideology, with a global overview of SIB projects and an assessment of their performance and impacts, concluding with a discussion of the wider consequences of SIBs for social services. Neoliberal public sector transformation has ensured a combination of financialisation, personalisation, marketisation, and privatisation, with commissioning playing a key role in dividing client and contractor functions, leading to a procurement process and the creation of markets. The financialisation of public services has many forms, including allowing public money to follow pupils and patients, private investment in public infrastructure, and Payment by Results, which marginalises the value of inputs, processes, and outputs. The use of private capital for publicly financed services has consequences, including private investors influencing social policy decisions, the creation of special purpose companies, and problems with democratic accountability and transparency.

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The growth of impact investing and Social Impact Bond (SIB) projects is examined in the context of public sector transformation and neoliberal ideology, with a...

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File Format: PDF
File Size: 284 KB
Pages: 11
Language: EN
Total Downloads: 106
Last Updated: 1 week ago

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This PDF document about Social Impact Bonds provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Social Impact Bonds.

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Social Impact Bonds.pdf

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