Urban Land Markets Improving Land Management for Successful Urbaniza
The challenge of facilitating economic density is fundamental for successful urbanization. Flexible and forward-looking institutions that help the efficient functioning of land markets are vital in this respect. In particular, institutional arrangements f
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Urban Land Markets Improving Land Management for Successful Urbanization
Editors
Somik V. Lall
World Bank, Washington, DC, USA
Mila Freire
World Bank, Washington, DC, USA
Belinda Yuen
National University of Singapore, Singapore
Robin Rajack
World Bank, Washington, DC, USA
Jean-Jacques Helluin
World Bank, Washington, DC, USA
1C
Editors Dr. Somik V. Lall World Bank 1818 H Street NW., Washington DC 20433 USA [email protected]
Dr. Robin Rajack World Bank 1818 H Street NW., Washington DC 20433 USA [email protected]
Dr. Mila Freire World Bank 1818 H Street NW., Washington DC 20433 USA [email protected]
Dr. Jean-Jacques Helluin World Bank 1818 H Street NW., Washington DC 20433 USA [email protected]
Dr. Belinda Yuen National University of Singapore School of Design & Environment 4 Architecture Drive Singapore 117566 Singapore [email protected]
ISBN 978-1-4020-8861-2 e-ISBN 978-1-4020-8862-9 DOI 10.1007/978-1-4020-8862-9 Springer Dordrecht Heidelberg London New York Library of Congress Control Number: 2009932909 © World Bank 2009 All rights reserved. This work may not be translated or copied in whole or in part without the written permission of the publisher (World Bank, 1818 H Street NW., Washington DC 20433), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed is forbidden. The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights. While the advice and information in this book are believed to be true and accurate at the date of going to press, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Cover design: deblik Cover figure: Satellite picture from the IKONOS satellite, processed at the World Bank. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword
As urbanization progresses at a remarkable pace, policy makers and analysts come to understand and agree on key features that will make this process more efficient and inclusive, leading to gains in the welfare of citizens. Drawing on insights from economic geography and two centuries of experience in developed countries, the World Bank’s World Development Report 2009: Reshaping Economic Geography emphasizes key aspects that are fundamental to ensuring an efficient rural-urban transformation. Critical among these are land, as the most important resource, and well-functioning land markets. Regardless of the stage of urbanization, flexible and forward-looking institutions that help the efficient functioning of land mark
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