3) One of the defining features of what is termed 'neoliberal'economic policy is privatisation. For this question, please explain what privatisation is, and what it reveals about a state's economic objectives. According to Kogut and Mcpherson, what school of economic thought (or 'epistemic community") is most associated with privatisation and why? 4) What are public private partnerships (P3s)? According to Siemiatycki, what are some of the reasons that they have been promoted so vigorously by governments and the private sector? What are some of their potential upsides and/or downsides or P3s programmes? 5) What does Grace Blakeley mean by 'state monopoly capitalism'? How does this idea challenge at least two of the ideas from mainstream economics? Be sure to cite at least one other author studied in the course to answer this part of the question. What are some of the risks that state monopoly capitalism poses to Canadian society? 6) What is the relationship between the transnational circulation of capital, free trade, and the transnational migration of labour? Be sure to explain Walia's argument in the context of the Canadian half-century reliance on migrant labour. Section B: Long Answer Question Weight 60% Please write an essay that addresses all of the components of the question below. Your essay should be approximately 1,000-1,500 words in length. For the first part of your essay, according to Jim Stanford, what is financialisation? What roles do neoliberalism and deregulation play in promoting increasing levels of financialisation of the economy and globalisation? And, in the second part of your essay, what is the relationship between the transnational circulation of capital, free trade, and the transnational migration of labour? Explain how globalisation and financialisation of our economy affects migratory labour and limits the rights of migrant labourers and their capacity to apply for Canadian citizenship? As you answer each part of the question, explain its link to at least one other concept from previous weeks in the course, citing at least one course text for each observation. Given both sections above, are you optimistic or pessimistic about the social and economic future of Canada's post-pandemic migrant labourers? Give at least two reasons to explain your position