Ideology Over Economics

P3s in an Age of Austerity

By John Loxley  

Paperback $28.00

Public private partnerships in which the private sector takes on roles previously carried out by the public sector have been heavily promoted in the provision of infrastructure throughout the world, but especially in the UK, the USA and Canada. In Ideology Over Economics, economist John Loxley examines the expansion of P3s following the 2008 global financial crisis, when corporations responded to the crisis by lobbying governments for financial assistance and austerity governments responded by expanding financial resources for P3s. For many governments, the rationale for using P3s lies in the state manufactured fiscal crisis. The usual economic arguments underlie government largesse – lower cost, reduced risk and high-quality construction for public projects. In these arguments little has changed.

From his close examination of case studies of P3s in the UK, Canada and developing countries, John Loxley concludes that P3s do not achieve any of these promised goals and argues that the expansion of P3s owes more to ideology than to a rational evaluation of their economic and community building benefits.

  • Public Policy
  • ISBN: 9781773631929
  • Forthcoming May 2020
  • 208 Pages
  • For sale worldwide

Request Exam Copy

Contents

  • Preface
  • P3 Basics
  • Ideology Trumping Economic Reality: P3s after the Global Financial Crisis
  • Asking the Right Questions: A Guide for Municipalities Considering P3s
  • Wrong Turn: Is a P3 the Best Way to Expand Edmonton’s LRT?
  • Redacted to Nothing: The Public-Private Partnerships Transparency and Accountability Act, Manitoba
  • Growth versus Social Responsibility: Union Pension Funds and P3s in Canada
  • A New Frontier: P3s and First Nations
  • There is no Free Lunch: P3s in Developing Countries Are
  • All the Same Problems and More: Are P3s the Answer to Africa’s Infrastructure Needs?
  • Carillion: The Collapse of a P3 Giant
  • Ideology is Trumping Economic Reality: The Future of P3s

Authors

  • John Loxley

    University of Manitoba

    John Loxley is professor of economics at the University of Manitoba and a Fellow of the Royal Society of Canada. He has served as an economic advisor to the governments of Tanzania, Uganda, Madagascar, Mozambique and Manitoba, and the incoming government of Nelson Mandela in South Africa, as well as a number of international institutions.

Subscribe to our newsletter and take 10% off your first purchase.