A woman farmer in Afghanistan. Women in religious systems often access land only through their male relatives.
Photo: FAO/Danfung Dennis

21.09.2016

<< First < Previous Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Next > Last >>
It is widely accepted among economists and policy-makers that secure and well-defined land property rights are integral to poverty alleviation and economic prosperity. But how do legal systems, land tenure and economic development really relate to one another? Our author demonstrates the links using her latest research results from 146 countries.

The fundamental reason why property rights are at the centre of the economic growth nexus is their pervasive and important role in shaping incentives in political, social and economic exchange. For instance, it is often asserted that, when land property rights are secure people have more incentives to invest into land improvements because their efforts are adequately protected. Next, secure land titles facilitate borrowing on capital markets since the land can then be used as a collateral. Finally, clear land ownership rights allow for transfer of those rights through sale or lease. This improves the efficiency in resource allocation as it enables the land to be worked by those who are best fit to do so.

Secure land property rights are also of crucial importance in the context of poverty alleviation. In many developing countries, land remains the only source of livelihood for poor and marginal households. Improved security of land rights, thus, translates into more secure access to housing, food and income.

<< First < Previous Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Next > Last >>