Wednesday, 6 June 2012

The Poverty Trap - The Economics Of Communal Land Use


At the system's core lie the limited rights to land. Without the right to buy, sell, rent or otherwise transfer land, and when land and other natural resources are free for all, the system becomes beset by market failure, perverse incentives, waste and environmental degradation.
The paper explains how, under the pressure of population growth, people's livelihoods and the environment have been systematically decimated. A subsequent paper will show how modifications to the system can, over time, commercialise smallholder agriculture and emancipate rural Zimbabweans from a life of grinding poverty.
Original Article Here

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