By Jan K. Brueckner (auth.), Somik V. Lall, Mila Freire, Belinda Yuen, Robin Rajack, Jean-Jacques Helluin (eds.)

The problem of facilitating monetary density is key for winning urbanization. versatile and forward-looking associations that support the effective functioning of land markets are important during this recognize. particularly, institutional preparations for regulating land use, coping with public land and allocating land rights have major implications for a way towns bring agglomeration economies and increase the welfare in their residents.

This e-book offers clean insights into those matters, compiling chosen items of analytical and empirical learn provided on the international Bank's Fourth city learn Symposium on city Land Use and Land Markets, held in Washington, DC, could 2007. specifically commissioned papers helped advance a powerful analytical beginning to explain ongoing debates on city land administration and welfare and synthesized the political and administrative demanding situations of enhancing the potency of city land markets. one of the questions that this e-book addresses are:

- Does extra public intervention in land markets produce more cost-effective land marketplace outcomes?

- Do traditional ways to strengthening estate rights bolster safeguard of tenure and marketplace transactions?

- How may still governments pass approximately integrating casual settlements with the wider urban economy?

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Napier, in his chapter on South Africa, also provides a rich case study of the complexity associated with direct intervention in land and housing markets. His premise is that the distortions that existed by the end of the apartheid era were so pronounced that making South African towns and cities more inclusive requires a multiplicity of interventions beyond regulatory instruments. While few other countries experienced such extreme distortions, a similar argument can and is being made in many other places, especially former colonies, on the basis that the “starting point” of markets is not a fair one.

The other path: The invisible revolution in the third world. London: I. B. Taurus. de Soto, H. (2000). The mystery of capitalism: Why capitalism triumphs in the West and fails everywhere else. New York: Basic Books. Deutsch, R. (2006). Beneficiary assessment of land title recipients under the Land Management and Administration Project (LMAP). Report prepared for the Cambodian Ministry of Land Management, Urban Planning, and Construction, Phnom Penh. Doebele, W. (1983). Concepts of urban land tenure.

The mixed bag includes the successful engagement of Singapore’s public sector in providing more than 900,000 housing units through a highly centralized administrative system. But as Yuen and others have explained, Singapore is a unique environment, characterized by a city-state, highly centralized governance, extraordinary political stability, and, in contemporary times, enviable wealth. Still, as Yuen points out, at the time of independence informal shelter was widespread, housing more than half a million people.

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