Land in India

2019 ◽  
pp. 250-264
Author(s):  
Amitendu Palit
Keyword(s):  
Real Estate ◽  
Common Ground ◽  
The Political ◽  
Land Markets ◽  
State Governments ◽  
Private Industry ◽  
Access To Credit ◽  
Land Prices ◽  
Perverse Incentives

Land markets in India continue the elusive search for price discovery as determined by market forces. The LARR of 2013 has planted a floor on land prices. The role of state governments has become central to acquisition, or purchase, of land as a financially weak private industry has little access to credit. Outright purchase of land is stressing state finances and creating perverse incentives for hoarding. As states seek to work out their own land rules, it is essential for them to converge to a common ground for amending the jagged edges of LARR 2013. Major political parties like BJP and Congress should abandon the political optics of upholding LARR 2013 just on ‘pro-farmer’ grounds and work with states in a politically neutral fashion to seek such ground. Innovative ideas like whether bringing in land and real estate within GST can improve land purchase capacities must also be examined.

Turbulent Property Rights

2018 ◽  
Author(s):  
Hazel Gray
Keyword(s):  
Property Rights ◽  
Land Reform ◽  
High Growth ◽  
The State ◽  
The Political ◽  
Land Markets ◽  
Export Agriculture ◽  
Key Sectors ◽  
Political Settlement

This chapter explores the role of the political settlement in shaping outcomes of land investments by analysing struggles in key sectors of the economy. Land reform during the socialist period had far-reaching implications for the political settlement. Reforms to land rights under liberalization involved strengthening land markets; however, the state continued to play a significant role. Corruption within formal land management systems became prevalent during the period of high growth. Vietnam experienced a rapid growth in export agriculture but, in contrast with stable property rights for smallholders, Tanzania’s efforts to encourage large land investments were less successful. Industrialization in both countries generated new forms of land struggles that were influenced by the different distributions of power between the state, existing landowners, and investors.

Real Estate

2017 ◽  
Author(s):  
Stefan Homburg
Keyword(s):  
Real Estate ◽  
Great Recession ◽  
House Prices ◽  
Borrowing Constraints ◽  
Macroeconomic Models ◽  
Land Prices ◽  
The Great Recession ◽  
Quantitative Importance

Chapter 6 examines real estate as a neglected feature of actual economies. It begins with an empirical overview demonstrating the preeminent role of land as a part of nonfinancial wealth. Whereas many macroeconomic models represent nonfinancial wealth by a symbol K that is interpreted as machines and equipment (if not robots), the text makes clear that such items are of minor quantitative importance. In contemporary economies, nonfinancial wealth consists chiefly of real estate. This is the proper reason so many analysts conjecture a link between house prices and the Great Recession. Changes in house prices (primarily changes in land prices) operate on the economy through their influence on nonfinancial wealth. Nonfinancial wealth affects consumption directly and investment indirectly since it relaxes or tightens borrowing constraints. Building on the results obtained in previous chapters, the text studies housing manias and leverage cycles and relates its main findings to US data.

scholarly journals Speak with one voice! Towards an ecumenical ethics applicable to the church-state dialogue in South Africa

2016 ◽  
Vol 72 (1) ◽  
Author(s):  
Koos Vorster
Keyword(s):  
South Africa ◽  
Common Ground ◽  
Ethical Concern ◽  
The Political ◽  
Political Ethics ◽  
Points Of View ◽  
The Government ◽  
Moral Discourses ◽  
The Church

This research deals with the question of whether an ecumenical ethics can be developed in South Africa that at least will be applicable in the field of political ethics and that can assist the various ecclesiastical traditions to ‘speak with one voice’ when they address the government on matters of Christian ethical concern. The research rests on the recognition of the variety of ethical persuasions and points of view that flow from the variety of hermeneutical approaches to Scripture. However, within this plethora of ethical discourses, an ‘overlapping’ ethics based on a proposed set of minimum theological ideas can be pursued in order to reach at least an outline of an applicable ecumenical political ethics conducive to the church–state dialogue in South Africa today. The article concludes that a ‘minimum consensus’ on the role of revelation in the moral discourses is possible and is enriched by traditional ideas such as creation and natural law, the reign of God and Christology, and it can provide a suitable common ground for an ecumenical ethics applicable to the moral difficulties in the political domain in South Africa today.

scholarly journals Property Finance in Japan: Expansion and Collapse of the Bubble Economy

1994 ◽  
Vol 26 (2) ◽  
pp. 199-213 ◽  
Author(s):  
E Oizumi
Keyword(s):  
Financial Institutions ◽  
Urban Redevelopment ◽  
Land Markets ◽  
Land Prices ◽  
Finance Capital ◽  
Bubble Economy

This paper provides an analysis of the recent property boom and collapse in Japan. Central to the analysis is the role of financial institutions in financing the boom. The extraordinary rise in land prices and the land concentration by capital, which were brought about through expansion of property finance, is examined. It is contended that the domination of land markets by finance capital, which was accomplished through urban redevelopment in the 1980s, is not in decline as a result of the collapse of the bubble economy, but is, on the contrary, growing stronger.

The Scholarly Study of Mexican Politics

2004 ◽  
Vol 20 (2) ◽  
pp. 377-410 ◽  
Author(s):  
Jorge I. Domíínguez
Keyword(s):  
Public Opinion ◽  
Organized Labor ◽  
The Political ◽  
State Governments ◽  
Economic Problems ◽  
The Supreme Court ◽  
Urban Protest ◽  
Financial Panic ◽  
Mexican Politics

This essay reviews the state of the scholarly study of Mexican politics. It focuses on research on political change since 1990. It discusses the political origins of economic problems and policies, including the enactment of NAFTA and the 1994-95 financial panic. It assesses the decline of the PRI, the presidency, and official organized labor; the role of urban protest and the Zapatista insurgency; and the revitalization of Congress, the Supreme Court, and state governments. It synthesizes the principal analytical findings on parties, public opinion, and elections. Este ensayo revisa la situacióón actual de los estudios acadéémicos sobre la políítica mexicana. Se concentra en la investigacióón sobre los cambios polííticos desde 1990. Pondera los oríígenes polííticos de los problemas econóómicos y polííticas derivadas, inclusive la aprobacióón del TLC y el páánico financiero de 1994-95. Discute el declive del PRI, la presidencia, y el sindicalismo oficial; el papel de la protesta urbana y la insurgencia Zapatista; y la revitalizacióón del Congreso, la Suprema Corte, y los gobiernos estatales. Sintetiza los principales resultados analííticos sobre los partidos, la opinióón pública y las elecciones.

On Metaphysics and the Political: A Polemics of Reading Baudelaire in the 1930s

2019 ◽  
Vol 58 (2) ◽  
pp. 249-259
Author(s):  
Joseph Acquisto
Keyword(s):  
Twentieth Century ◽  
Political Crisis ◽  
The Political ◽  
Modern Poetry ◽  
Progressive Politics ◽  
The World ◽  
Relationship Of ◽  
The Relationship ◽  
Insight Into

This essay examines a polemic between two Baudelaire critics of the 1930s, Jean Cassou and Benjamin Fondane, which centered on the relationship of poetry to progressive politics and metaphysics. I argue that a return to Baudelaire's poetry can yield insight into what seems like an impasse in Cassou and Fondane. Baudelaire provides the possibility of realigning metaphysics and politics so that poetry has the potential to become the space in which we can begin to think the two of them together, as opposed to seeing them in unresolvable tension. Or rather, the tension that Baudelaire animates between the two allows us a new way of thinking about the role of esthetics in moments of political crisis. We can in some ways see Baudelaire as responding, avant la lettre, to two of his early twentieth-century readers who correctly perceived his work as the space that breathes a new urgency into the questions of how modern poetry relates to the world from which it springs and in which it intervenes.

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