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