Builiding Prosperity

by Tibaijuka, Anna

• ISBN13: 9781844076338
• ISBN10: 1844076334
• Edition: 1st
• Format: Paperback
• Copyright: 2009-10-30
• Publisher: Routledge

Summary

This book is a much-needed account, with numerous detailed examples, of the role of housing in economic growth and development by an author in a unique position to understand its importance and the practical measures for delivering that growth.

Author Biography

Dr Anna Kajumulo Tibaijuka is Under-Secretary-General of the United Nations and Executive Director of the United Nations Human Settlements Programme (UN-Habitat]. She is the winner of the 2009 Gteborg Award for Sustainable Development [the Nobel Prize for the environment).

Table of Contents

List of Case Studies, Boxes, Figures and Tables	p. ix
Foreword	p. xiii
Acknowledgements	p. xv
The Centrality of Housing to Economic Development	p. 1
Introduction	p. 1
Rapid and chaotic urbanization	p. 4
Globalization	p. 6
Housing as a catalyst of economic growth and development	p. 7
Poverty reduction strategy papers	p. 10
The key thesis of the book	p. 11
Objectives and structure of the book	p. 12
A Conceptual Framework for Understanding Housing and Economic Development	p. 19
Introduction	p. 19
Dynamic factors of housing investments	p. 20
Housing demand framework	p. 21
Economic development models	p. 22
Stages of economic development	p. 24
The nature of the political and economic system	p. 24
Macroeconomic variables
Macroeconomic institutions	p. 26
Implications of housing investments	p. 26
Direct positive effects	p. 26
Indirect positive effects	p. 27
Housing investment and the MDGs/PRSPs framework	p. 27
Negative effects	p. 31
Historical Evolution of Ideas on Housing and Economic Development	p. 35
Introduction	p. 35
Early debates and issues surrounding housing policy	p. 35
Social housing policy	p. 37
Slum upgrading programmes	p. 38
Site-and-service programmes	p. 40
The enabling approach and urban management	p. 42
Recent perspectives on housing and economic development	p. 44
The sustainable urban development phase	p. 44
The Habitat II phase	p. 45
The Millennium Development Declaration phase	p. 46
The Istanbul+5 phase	p. 47
Upgrading the Habitat Center to a UN Programme	p. 47
Revitalization of human settlements' financing activities	p. 49
The Slum Upgrading Facility	p. 50
The Water and Sanitation Trust Fund	p. 51
Experimental reimbursable seeding operations	p. 52
Women Land Access Trusts	p. 53
Summing up	p. 80
Housing as a Source of Economic Development	p. 83
Overview of early views and approaches	p. 83
The influence of housing activities on economic development	p. 86
Direct impacts of housing development	p. 86
Indirect impacts of housing development	p. 101
The importance of housing in national development planning	p. 102
Housing as a share of government expenditure	p. 103
Housing as a share of international development lending	p. 104
The importance of housing to poverty reduction strategies	p. 105
Housing as a source of innovation, technology and aesthetic improvement	p. 108
Summing up	p. 126
Appendix Gross national income (GNI) per capita, human development index (HDI) and household size in selected countries	p. 128
Housing Finance and Development	p. 133
Introduction	p. 133
Housing finance and development	p. 135
Types and sources of housing finance	p. 139
Conventional mortgage finance	p. 139
Housing subsidies	p. 143
Housing microfinance	p. 148
Migrant remittances	p. 156
Informal finance	p. 157
Organizations involved in the provision of housing finance	p. 158
Summing up	p. 163
Housing as a Social Policy Instrument	p. 165
Introduction	p. 165
Developing countries	p. 166
Context	p. 166
Drivers of housing policy	p. 167
Phases of housing policy	p. 169
Transition countries	p. 178
Context	p. 178
Drivers of housing policy	p. 180
Phases of housing policy	p. 181
Developed countries	p. 189
Context 189
Drivers of housing policy	p. 192
Phases of housing policy	p. 193
Summing up	p. 202
Conclusions and Recommendations	p. 209
Introduction	p. 209
Housing as a source of sustainable economic development	p. 211
Key policy lessons	p. 211
Policy recommendations	p. 212
Housing finance and development	p. 217
Policy lessons and recommendations	p. 217
Rental housing	p. 220
Residential mobility	p. 222
Formal housing finance	p. 222
Housing microfinance	p. 225
Social policy dimensions of housing investments	p. 230
Introduction	p. 230
Key policy lessons for developing countries	p. 230
Policy recommendations for developing countries	p. 231
Key policy lessons for transition countries	p. 232
Policy recommendations for transition countries	p. 233
Key policy lessons for developed countries	p. 235
Policy recommendations for developed countries	p. 236
References	p. 241
Index	p. 259
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