Prosperity unbound : building property markets with trust / Elena Panaritis.

Format:

• Book

Author/Creator:

• Panaritis, Elena, 1968-

Series:

• INSEAD Euro-Asia research series in comparative management.
• INSEAD Euro-Asia research series in comparative management

Language:

English

Subjects (All):

• Informal sector (Economics).
• Right of property.
• Economic development.

Physical Description:

xxi, 182 pages : illustrations ; 23 cm.

Place of Publication:

Basingstoke [England] ; New York : Palgrave Macmillan, 2007.

Summary:

"Prosperity Unbound" presents an innovative approach to resolving the ambiguity of the "informal" contracts that affect property ownership in many developing countries. It illustrates how informality in property can be treated as an opportunity to unlock the potential for business expansion, economic growth, social cohesion and wealth creation for the lower and middle classes in many places. The book provides a timely overview of a problem that globalization has made an ever more important issue for investors, managers and policy makers alike.

Contents:

• 1 Informality and Unreality 1
• Why are informal markets more prevalent in some countries than in others? 4
• The role of history 7
• Institutions, organizations and property rights 9
• "Unreal Estate" 11
• Transforming the "Unreal" to Real 13
• 2 Policy and Politics of Land and Property 15
• Adopting or creating institutions? 18
• Forgotten pieces in the Cold War chess game 23
• A segmented world 25
• Macroeconomic reform was not enough 31
• The limits of what we had to work with 33
• Looking backward before going forward 35
• Reality Check Analysis 38
• 3 Tipping Points 45
• Trust makes property rights reliable 48
• The ingredients of a secure property rights system 53
• The importance of a reliable recording system 56
• Socioeconomic benefits 58
• 4 A Transformation Begins 67
• The beginning of change 70
• Getting to the diagnosis 74
• Getting closer to reality 76
• A "melting pot" that had not quite done the job 78
• The 1969 Agrarian Reform's social revolution 82
• A new kind of "protection" 87
• Taking advantage of a new opportunity for change 88
• Further questions lead to best design 91
• Drawing the solution 93
• Special interests seek to undermine reform 96
• 5 Results through Partnerships 101
• Measuring the impact 106
• Transformation sticks when there is trust 112
• What to look for in a partner 116
• 6 Solving the Puzzle 125
• A holistic solution to the jigsaw puzzle 126
• The when and how of strategy 129
• How much of a "stomach" does the reformer need to have? 132
• The design 133
• The high price of ignoring institutions 135.

Notes:

Includes bibliographical references (pages 149-176) and index.

ISBN:

• 9781403993465
• 1403993467

OCLC:

70775792

Online:

• Publisher description
• Contributor biographical information