Large numbers of people in urbanizing regions in the developing
world live and work in unplanned settlements that grow through
incremental processes of squatting and self-building. Slums: How
Informal Real Estate Markets Work shows that unauthorized
settlements in rapidly growing cities are not divorced from market
forces; rather, they must be understood as complex environments
where state policies and market actors still do play a role. In
this volume, contributors examine how the form and function of
informal real estate markets are shaped by legal systems governing
property rights, by national and local policy, and by historical
and geographic particularities of specific neighborhoods. Their
essays provide detailed portraits of individuals and community
organizations, revealing in granular detail the working of informal
real estate markets, and they review programs that have been
implemented in unconventional settlements to provide lessons about
the effectiveness and implementation challenges of different
approaches. Chapters explore the relationships between informality,
state policies, and market forces from a range of disciplinary
perspectives and on different scales, from an analysis of the
relationship between regulations and housing in 600 developing
world cities to an ethnographic account of the buying and selling
of houses in Rio de Janeiro's favelas. While many of the book's
contributors focus on the emerging economies of India and Brazil,
the conclusions drawn illustrate dynamics relevant to developing
countries throughout the Global South. The diversity of
perspectives combines to create a rich understanding of an
important, complex, and understudied topic. Contributors: Arthur
Acolin, Sai Balakrishnan, Eugenie L. Birch, Jose Brakarz, Shahana
Chattaraj, Sebastian Galiani, David Gouverneur, Yvonne Mautner,
Paavo Monkkonen, Vinit Mukhija, Janice E. Perlman, Lucas Ronconi,
Bish Sanyal, Ernesto Schargrodsky, Patricia Cezario Silva, Susan M.
Wachter.
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