The National Governance and Policy Context of Social Impact Bond Emergence: A Comparative Analysis of Leaders and Skeptics

Abstract

Proponents of the Social Impact Bond (SIB) model put forward a value-for-money case for SIBs based on new resources, efficiency enhancements and innovation for social service delivery, suggesting broad potential for SIB uptake in varying national contexts. SIB use has however been concentrated in Anglo-Saxon liberal market economies. This paper analyses the possibility that SIBs are proceeding given their alignment with particular governance and policy regimes, as opposed to any universal superiority from a cost-effectiveness or efficiency perspective. A comparative analysis is undertaken of the United Kingdom and the United States, leaders in SIB implementation, with France and Germany. A range of indicators representing the adoption of neoliberal governance approaches are reviewed and linked to their complementarity with the SIB model. Policy implications for SIB governance are then explored.     

Policy Networks, Policy Communities and the Problems of Governance

This article reviews and evaluates the literature on policy networks and policy communities that has emerged in the comparative public policy field. It argues that these concepts are important innovations because they suggest a renewed attempt to be both encompassing and discriminating in describing the policy process: encompassing because they refer to actors and relationships in the policy process that take us beyond political-bureaucratic relationships; discriminating because they suggest the presence of many communities and different types of networks. Yet if the concepts are going to continue to make a contribution, some problems must be resolved. The article suggests three that are particularly important: network and community concepts encounter obstacles in incorporating the influence of ma-cropolitical institutions and the power of political discourse; they have some difficulty in accommodating the internationalization of many policy domains; they have not addressed well the issues of policy innovation and policy change.     

The Implications of National Competition Policy

The Competition Policy Reform Bill 1995 is part of a national policy package which aims to free up competition in Australian markets. The objective is to systematically remove anti-competitive behaviour so that efficiency is improved to the public benefit.
While one can endorse the concept that economic efficiency is best served in a purely competitive market, where businesses can get on with their responsibilitiy to maximise profits, concerns exist as to whether it is possible to impose legislatively and unilaterally an economic principle or philosophy on a nation that will achieve its lofty objectives.
These proposals were developed before the 1996 federal election.     

National Competition Policy: The Downside

Identifying the ‘downside’ of competition policy raises the question of whether there is an ‘up-side’. Competition is supposed to drive the organisers of commodity production to minimise the costs they have to bear in some short to medium term, within environments more or less circumscribed by government regulations. The actual period tends to be that for which the providers of finance are prepared to wait for returns after a poorly performing company is restructured. Economists used to say that cost minimisation requires an industry structure in which there are many independent producers. Nowadays, more enlightened writers speak of ensuring that the market positions held by existing producers are contestable by prospective new producers. The question of what government in Australia may do to establish competition in this sense of competition has recently focussed on the desirable re-organisation of public enterprises, perhaps especially those that exist at the level of the states. So what are the dimensions of the ‘downside’ of opening the market positions occupied by public enterprises to contestation by private companies, especially those which are monopolies? The answer takes a large measure of the gloss off the Hilmer promises. The problems to be addressed are: the limit put on contestability where there is an element of natural monopoly; the tendency for cost minimisation to depend on the tighter management of labour; and, the difficulty of insisting simultaneously on both ‘competition’ and the satisfaction of ‘community service obligations’ (CSOs).     

National Competition Policy

Economic reform in Australia certainly did not start with the Hilmer Report — it has been underway for the last 15 or so years. It began with financial deregulation and floating of the Australian dollar in the 1980s and the reduction of tariff protection, and includes more recent initiatives such as moving from the centralized wage fixing system to more flexible enterprise bargaining arrangements, restructuring of government business enterprises, developments in public administration and most recently the focus on competition policy.     

Public Lands Policy and Economic Trends in Gateway Communities

From the mid‐1960s through 1980, major policy changes were adopted as a result of federal and state public lands protection statutes. This article analyzes the impact these policy changes have had upon the economies of gateway communities, a subject of limited discussion in the scholarly literature. One conclusion is that gateway community economies have become less dependent on resources extraction. This analysis finds that several factors––beyond policy change––have influenced the shift away from resources extraction. Likewise, there is the question over what economic mainstays have stepped in to fill the resources extraction void? For many gateway communities, it appears that the answer has been recreational tourism. The implications of this economic shift within gateway communities are explored.     

Ideas in Politics in International Context

This article asks how we might rethink the study of ‘ideas in politics’ in modern Britain. It suggests that historians need to set the problem in its international contexts in a more structured way. Focussing on the nineteenth century, the article reflects on conceptual angles opened up by ‘global intellectual’ and ‘entangled’ approaches to political ideas and behaviour. While stressing that these methods have their pitfalls, the article argues that a reconsideration of the seams where international and intellectual contexts meet can help to reconnect modern British political history with wider historical debates.     

Brexit and UK International Development Policy

In this article we explore the implications of Brexit for the UK and the EU's development policies and strategic directions, focusing on the former. While it is likely that the operational process of disentangling the UK from the various development institutions of the EU will be relatively straightforward, the choices that lie ahead about whether and how to cooperate thereafter are more complex. Aid and development policy touches on a wide range of interests—security, trade, climate change, migration, gender rights, and so on. We argue that Brexit will accelerate existing trends within UK development policy, notably towards the growing priority of private sector‐led economic growth strategies and blended finance tools. There are strong signals that UK aid will be cut, as successive secretaries of state appear unable to persuade a substantial section of the public and media that UK aid and development policy serves UK interests in a variety of ways.     

尼克松时期中美关系缓和的国际背景

二十世纪七十年代初,随着冷战国际形势的变化,在东北亚对峙的中美两国开始调整自己的对外政策,两国关系由对峙走向缓和。这一趋势的出现有着深刻的国际背景。美国国力衰退,受越南战争和国内反战形势影响,对共产主义的全面遏制战略转变为全球收缩、拉拢盟友共同抵抗苏联;苏联在这一时期开始展现出全面的进攻态势,四面出击;中苏关系交恶。在这些国际大背景的推动下,中美关系走向缓和。     

The Greening of the Grey: National Competition Policy and the Environment

Concern for environmental degradation is now widespread, and has penetrated key policy institutions such as the National Competition Council (NCC) - the body overseeing National Competition Policy. While the NCC's primary focus is on promoting competition, it acknowledges the importance of environmental considerations. Such a body thus represents the contemporary Ecological Modernsiation approach to environmental policy-making. Ecological Modernisation posits that there can be a reconciliation and synthesis between economic and ecological goals. This paper investigates this claim by exploring the relationship between competition and the environment in the three areas of electricity, regulatory review and rural water.     

National Minorities and the International System

National minorities are collectivities who possess that trait which is the current normative underpinning of states, namely nationhood, and yet for practical purposes cannot enjoy outright political independence. Because national minorities bear these normatively significant characteristics they may be deemed to have legitimate international claims to certain special rights even if these fall short of statehood. Yet although this rationale may be logically sound and morally justified, pursuing it nevertheless raises serious problems with regard to state sovereignty.     

The Context of Responsiveness: Resident Preferences,Water Scarcity,and Municipal Conservation Policy

The extent to which municipal policy is determined by the preferences of residents is a topic of growing importance. Recent work on the subject has challenged conventional wisdom and found that municipal policy is often, but not always, responsive to the ideology of residents. This paper takes up an important potential implication of these findings, exploring how resident ideology may interact with issue severity in the adoption of municipal policy. Hypotheses suggest that resident preferences will have the greatest effect in the presence of high issue severity and that issue severity will have the largest impact when residents have ideological preferences in line with policy solutions. I test hypotheses using municipal water rates, with models showing that the effects of resident ideology and water scarcity interact with each other to influence water conservation policy.     

Why National Competition Policy?

Strategies to enhance Australia's international competitiveness need to embrace reform of key infrastructure service industries, reform of the regulatory environment, industrial relations reform and taxation reform. Key aspects of this reform agenda can only be addressed through a shared commitment by all levels of government. Ownership of the public utilities responsible for the nation's key infrastructure networks and services is divided among commonwealth, state and territory (and local) governments. Achieving a substantial lift in the productivity of these industries and ensuring the emergence of truly national infrastructure networks relies on agreement by all governments to public utility reform and the removal of barriers to cross-border competition. Moreover, the regulation of industries, occupations and businesses is primarily the responsibility of state and territory governments, hence regulatory reform also requires a cooperative approach by all governments.
While most jurisdictions have taken some steps to reform public utilities and to deregulate certain product markets, to date reform has been piecemeal. A more systematic approach to removal of impediments to competition across the board is likely to be necessary to lift the overall competitiveness of the Australian economy. The agreement by the commonwealth and all states and territories to implement the National Competition Policy (NCP) not only provides the necessary shared commitment to reform across the board, it also provides the rewards and sanctions needed to sustain that commitment in the face of certain resistance from vested interests.     

Policy competition in the 2002 French legislative and presidential elections

Abstract.  The French two-round system of presidential elections forces candidates to choose strategies designed to maximize their votes in two different, potentially conflicting strategic contexts: a first round contest between many candidates, and a second round between (typically) a left- and a right-oriented candidate. Following a constitutional change in 2000, furthermore, presidential elections are synchronized with legislative elections, more tightly linking presidential candidates to the policy platforms of the parties they represent. This article examines the consequences of policy positioning by presidential candidates, measuring, comparing and assessing positioning in the legislative elections and in the first and second presidential election rounds. The measures come from an expert survey taken in 2002, from content analysis of party manifestos and presidential speeches, and from the 2002 French National Election Survey. The findings provide hard empirical confirmation of two commonly perceived propositions: first, that Jospin's first-round loss resulted from strategic error in moving too close to the policy centre, and second, that Chirac's won an overwhelming second-round victory because he collected all of the voters from candidates eliminated in the first round.     

How to stay populist? The Front National and the changing French party system

Abstract

The main aim of this contribution is to assess the relevance of the notion of ‘exclusionary populism’ for the characterisation of the Front National (FN) in France. Since its emergence in the 1970s, several categories or notions have been applied to this political party. Once considered as the resurgence of a traditional extreme right, it has since been classified as a case of a new European right-wing extremism, or as one of the neo-populist parties that obtained electoral successes in the 1990s. The recent evolution of the party has also been described as a sort of ‘normalisation’. Is therefore ‘exclusionary populism’ still a category that can grasp the evolution of the party, as well as its present position in the French party system? To answer this question, this article examines political discourses and various electoral platforms of the Front National to gather some empirical evidence. The argument is twofold: The Front National, despite its ‘dédiabolisation’ strategy, is still a classic populist party characterised by exclusionary populism and a sort of ‘catch-all populism’; its evolution is, however, dependent on the recent evolution of the French party system.     

Ecologies of Unease: Geographic Context and National Economic Evaluations

Assessment of the nation??s economic performance has been repeatedly linked to voters?? decision-making in U.S. presidential elections. Here we inquire as to where those economic evaluations originate. One possibility in the politicized environment of a major campaign is that they are partisan determinations and do not reflect actual economic circumstances. Another possibility is that these judgments arise from close attention to news media, which is presumably highlighting national economic conditions as a facet of campaign coverage. Still a third explanation is that voters derive their national economic evaluations from living out their lives in particular localities which may or may not be experiencing the conditions that affect the nation as a whole. Drawing upon data from the 2008 presidential election, we find that varying local conditions do shape the economic evaluations of political independents. Moreover, unemployment is not the only salient factor, as fuel prices and foreclosures also figured prominently. Local economic factors, what we call geotropic considerations, shape national economic evaluations especially for those who aren??t making these judgments on simple partisan grounds.     

National Competition Policy: Progress and Prospects

National Competition perspectives Policy — contending perspective.
The Hilmer Report is to competition what fertiliser is to grass (Ian Salmon, BCA 1995).
These reforms are good for the Australian economy and community. They hold the promise of helping to deliver more growth, more jobs and lower inflation but with higher real wages and a better standard of living (Hon. George Gear MP 1995).
The legislation has the potential to be very far reaching and may have implications far broader than originally intended (General Evidence — Australian Senate Economics Legislation Committee 1995).
The process of putting detailed legal and administrative flesh on the bare bone of the principles was not going to be easy. The resolution of issues. at times came down to the balance of power rather than good sense (Christine Charles, South Australian Dept of Premier and Cabinet 1995).
The practical failure to deliver on the claims about competition and efficiency are becoming increasingly evident (Professor Frank Stilwell 1995).
The Commission has a number of concerns on the impact on rural and remote communities and how the competing demands of increased competition and maintaining levels of community service obligations will be balanced in a newly competitive environment (ATSIC 1995).