1. STABILIZING DISPOSSESSIONHOW P3 ENABLING FIELDS HELP CUSHION THE IMPACTOF AN ECONOMIC CRISIS ON PRIVATIZATION POLICY HEATHER WHITESIDE

2. P3 ENABLING FIELDS BCOntarioEnabling legislationCapital Asset Management Infrastructure Planning,Framework (CAMF) (2002)Financing and Procurement&Framework (IPFP) (2004)capital planningframeworksThe Health SectorAlternative Financing andPartnerships Agreement Act Procurement (AFP) (2004)(Bill 94) (2003)SupportiveRegional Health AuthorityLocal Health Integrationsecondary reforms (RHA) restructuring (2001) Network (LHIN) creation (2006)Institutional support Partnerships BC (2002) Infrastructure Ontario (2005) 3. RIDProvincial P3 enabling fields routinize, institutionalize,and depoliticize P3 policy: Routinization: development of supportive routines andprotocols & normalized processes and procedures Institutionalization: new actors empowered, institutionscreated, sense of permanency generated Depoliticization: commodification by technocracy 4. P3S AND THE 2008 FINANCIAL CRISIS:LONGSTANDING PROBLEMS COMPOUNDED Financial crisis 2008 and 2009: delays, renegotiations, collapsed deals & the volume of new deals dropped off significantly (Canada and worldwide) E.g., See Hugh Mackenzies 2009 report Bad Before, Worse Now Led to a questioning of the P3 model itself E.g.,:Scotlands Finance Minister (2009) called PFI one of the worst excesses of the age of financial irresponsibility 5. CUSHIONING PRIVATIZATION POLICY Soft lock-in External problems: automatic stabilizer (?) Internal problems: flanking mechanism (?)