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The Great Property Fallacy - Theory, Reality, and Growth in Developing Countries (Hardcover)
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The Great Property Fallacy - Theory, Reality, and Growth in Developing Countries (Hardcover)
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In this groundbreaking book, Frank K .Upham uses empirical analysis
and economic theory to demonstrate how myths surrounding property
law have blinded us to our own past and led us to demand that
developing countries implement policies that are mistaken and
impossible. Starting in the 16th century with the English
enclosures and ending with the World Bank's recent attempt to
reform Cambodian land law - while moving through 19th century
America, postwar Japan, and contemporary China - Upham dismantles
the virtually unchallenged assertion that growth cannot occur
without stable legal property rights, and shows how rapid growth
can come only through the destruction of pre-existing property
structures and their replacement by more productive ones. He argues
persuasively for the replacement of Western myths and theoretical
simplifications with nuanced approaches to growth and development
that are sensitive to complexity and difference and responsive to
the political and social factors essential to successful
broad-based development.
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