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3.3 Summary 27 Jun 2012 | 05:04 pm
The chapter has demonstrated the typical roles played by institutions in the process of Property Development, as shown in the case of the United Kingdom. The success of the property development proces...
3.2 The Property Development Process in Developed Countries 17 Jun 2012 | 06:35 pm
The process of real Property Development allows residential, commercial and industrial properties to be produced for occupation, sale and investment (Barrett et. al, 1978; Healey, 1992; Harvey, 2000; ...
AN INSTITUTIONAL APPROACH TO THE PROPERTY DEVELOPMENT PROCESS 16 Jun 2012 | 06:34 pm
3.1 Introduction The essence of this chapter, having considered the wider role of institutions in economic development, is to focus on the property sector and to demonstrate how and why effective ins...
2.6 Summary 13 Jun 2012 | 04:03 am
This chapter has presented the role of institutions in facilitating economic development. However, we have successfully argued that because of the underdevelopment or the outright absence of effective...
2.5 Institutional Reforms 12 Jun 2012 | 04:02 am
From the above discussion, it is evident that the absence of efficient and effective institutions in the developing countries continues to have adverse effects on the structure and performance of the ...
2.4.3 Financial Institutions 2 Jun 2012 | 04:54 pm
The importance of financial institutions in economic development has long been debated, especially since the mobilisation of capital was crucial in igniting the industrial revolution (Bagehot, 1873). ...
2.4.2 Legal Institutions 1 Jun 2012 | 01:21 am
Legal institutions are important in the efficient running of the economy as has been demonstrated in the case of the developed countries (de Soto, 1989). In the developing countries, de Soto (1989) no...
2.4.1 Government Institutions 31 May 2012 | 06:17 pm
It has been argued that any well-functioning market economy requires a government that can establish and enforce the “rules of the game” (Tanzi, 1999). By “rules of the game” we refer to institutions ...
2.4 The Institutional Arrangements in Developing Countries 24 May 2012 | 10:04 pm
In section 2.2 we highlighted institutional arrangements as one category of institutions that have been crucial to economic development in developed countries. Such effective arrangements continue to ...
2.3.3 Contract Enforcement 24 May 2012 | 06:02 am
The enforcement of contracts provides mechanisms to protect the legal rights of parties during economic activities. It is such assurances, which entice entrepreneurs to enter into contracts. Thus, the...