The roles of government and policy in social finance
The roles of government and policy in social finance
This chapter sets out new thinking and research on how various public policy tools have been building the social finance market around the world as a catalytic force. The chapter considers the rationale for policy interventions, looking firstly at a market-based analysis and then at arguments for a broader role for the state in encouraging innovation. It sets out a new ‘toolbox’ for policy, drawing upon examples from around the globe. The chapter concludes with consideration of how social finance can provide a focal point for new collaborations across sector boundaries to shape a more productive generation of public private partnerships.
Keywords: public policy, innovation, catalytic investments, policy intervention, hybridity, public private partnership
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