Book contents
- Property without Rights
- Cambridge Studies in Comparative Politics
- Property without Rights
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- 1 Introduction
- 2 Conceptualizing and Measuring the Property Rights Gap
- 3 The Political Origins of the Property Rights Gap
- 4 Evidence on the Rise and Fall of Property Rights Gaps in Latin America
- 5 Consequences of the Property Rights Gap
- 6 Opening and Closing a Property Rights Gap in Peru
- 7 The Long-Term Consequences of Peru’s Property Rights Gap
- 8 Property Rights Gaps around the World
- 9 Conclusion
- Book part
- References
- Index
- Other Books in the Series (continued from page iii)
9 - Conclusion
Published online by Cambridge University Press: 22 December 2020
- Property without Rights
- Cambridge Studies in Comparative Politics
- Property without Rights
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- 1 Introduction
- 2 Conceptualizing and Measuring the Property Rights Gap
- 3 The Political Origins of the Property Rights Gap
- 4 Evidence on the Rise and Fall of Property Rights Gaps in Latin America
- 5 Consequences of the Property Rights Gap
- 6 Opening and Closing a Property Rights Gap in Peru
- 7 The Long-Term Consequences of Peru’s Property Rights Gap
- 8 Property Rights Gaps around the World
- 9 Conclusion
- Book part
- References
- Index
- Other Books in the Series (continued from page iii)
Summary
The concluding chapter discusses limitations to the property rights paradigm. Neoliberal property rights are not a cure-all for rural development. There is an emerging consensus from the United Nations, World Bank, and FAO on the need for more context-specific property rights and international guidelines on how to respect, record, and strengthen such rights, especially customary rights. The conclusion then shows how the book’s theory speaks to the broader relationship between politics and markets beyond land and redistribution. States can generate new markets or enable the rise of markets, or new markets can arise organically. A government can then choose whether, and how, to delineate and protect property rights in those markets. Like with property rights in land, a country’s political institutions (democracy vs. dictatorship) as well as government coalitional dynamics (between elite factions and citizens) and foreign pressure determine property rights regimes. The conclusion applies to the evolution of subsoil property rights over oil in Mexico, subsoil mining rights for mineral natural resources in the United States, and property rights in the banking sector in Venezuela.
Keywords
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- Information
- Property without RightsOrigins and Consequences of the Property Rights Gap, pp. 310 - 334Publisher: Cambridge University PressPrint publication year: 2021