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ISBN: 0821350714Издательство: World Bank Publications
Год издания: 2003
Book DescriptionLand is a key component of the wealth of any nation. Well-defined, secure, and transferable rights to land are crucial to development efforts. In developing countries, most land is used for agricultural production, a mainstay of economic sustenance. The possession of land rights also allows people to turn latent assets into live capital through entrepreneurial activity. Moreover, the use of land as a primary investment vehicle allows households to accumulate and transfer wealth between generations. The ability to use land rights as collateral for credit helps create a stronger investment climate, and land rights are thus a pre-condition for the emergence and operation of financial markets. This book considers the historical, conceptual, and legal contexts of property rights to land and land transactions and explores the scope and role of governments and land policy formation. Researchers have often neglected the profound impact of land policies on countries'...