Chapter 6

Between Command and MarketEconomies: The Changing Roles ofPublic and Private Housing Sectorsin Transitional Economies

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Geoffrey Payne and Richard Grover

INTRODUCTION: THE CONTRASTING POLITICALECONOMIES OF URBAN DEVELOPMENT

There are comparatively few societies in the world in which urban development is wholly a private-sector activity, determined by landowners and developers pursuing their own self-interests. Even in those societies in which the private sector is dominant and capitalist activity is the norm, the state tends to intervene in urban development. The justification for this is that urban development generates externalities, ...

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