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Books > Business & Economics > Finance & accounting > Finance > Property & real estate
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Property Rights, Land Values and Urban Development - Betterment and Compensation in China (Hardcover)
Loot Price: R2,657
Discovery Miles 26 570
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Property Rights, Land Values and Urban Development - Betterment and Compensation in China (Hardcover)
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The Chinese leadership anticipates that one hundred million people
will move from rural areas to China's cities between 2014 and
2020-perhaps the greatest migration in human history. Property
ownership and use rights, compensation for when rural land is taken
for urban development, and who should receive the increment in
value (betterment) are among the most contentious policy issues
facing China today. Property rights in China vary from place to
place, are often ambiguous, and are changing rapidly. In this
remarkable book Tongji University professor Li Tian provides a
comprehensive description of China's property rights, betterment,
and compensation landscape. Tian reviews Western property rights,
betterment and compensation theory and practice and offers her own
synthesis and policy recommendations. This is a must-read book for
land economists, urban planners, policy makers, and anyone
interested in China's development.' - Richard LeGates, San
Francisco State University, USLand value capture has long been a
hotly debated topic, and it has influenced a wide variety of land
ownership regimes. Property Rights, Land Values and Urban
Development examines the role and impact of government intervention
on land markets in China. It reveals that the state has taken
selective advantage of the ambiguous definition of property rights
in pursuit of the objective of rapid urban growth. Through detailed
empirical analysis and case studies, the book develops approaches
that are specifically designed to assess the extent of issues
engendered by government activities at both macro and micro levels.
It also presents a comprehensive and international review on
betterment and compensation. Taking the land market of China as an
example, it applies the theoretical framework of New Institutional
Economics to analyze institutional arrangements at the national,
municipal and project levels. It concludes with the implications of
property rights reform to promote the sustainable development of
land markets. The issues discussed in this book will be of
particular interest to academics and researchers in land economics,
Asian studies and development studies.
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