The Way Forward

Felix N. Hammond and Yaw Adarkwah Antwi

Chapter 10 in Economic Analysis of Sub-Saharan Africa Real Estate Policies, 2010, pp 214-224 from Palgrave Macmillan

Abstract: Abstract Chapter 1 laid out the main foundation for the study. It provided the background to the study and established the point that sub-Saharan Africa economies are in a dire economic state. To make progress in economic development, it was shown in Chapter 2 that three key conditions must be met. First, the society must be in possession of the right quantities and qualities of all the resources required for development, namely real estate, labour, capital and entrepreneurial skills. This makes real estate an inevitable resource in the development process. The second condition is that those resources must be used effectively. Thirdly, institutional arrangements for the productive use of these resources must be supportive of economic development.

Keywords: Real Estate; Transaction Cost; Social Cost; Market Failure; Policy Process (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230274990_10

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