\’Much of the Marginalization of the poor developing nations comes from their inability to benefit from the effects of formal property\'(de soto)
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Table of Contents
Introduction.
Land tenure.
Conclusion.
References.
Land policy for African countries
Introduction
The land policy is considered to be a significant concept in the West African countries . Within these policies, the most important one is the ownership problem. In the late 1800s, these lands were targeted for the very first time by the international communities who were in search for the Africa’s precious diamonds and chocolate. This resulted in a significant increase in the problem of land ownership. The region was completely taken over by such issues of land ownership of for a long period of time due to slavery and lack of awareness of their rights among people. This was also due to the negligence of the region by the international world(Hawley, Miranda and Sawyer, 2018). Today, small-scale poor land owners survive by making deals with the international merchants. The role of the land in the development is considered as essential. It helps the poor farmers to get the customary titles which in turn helps them to enhance their possibilities of earning the profit.
This would later result in the improvement of the living standards of these people along with creating multiple options for those who live in the surrounding areas to make trade. Considering the possibility of the end of poverty, the concepts of De Soto are considered to be very important and could be used as a tool for guiding the oor people to improve their financial situation and lifestyles. It is known that the awareness as well as accessibility to the market is helping the people to get engaged in the land tenure which would help in getting the credit, machinery access and several other leverages to handle the agriculture in the lands(Goldman, Davis and Little, 2016). The main aim of the paper is to critically evaluate the De Soto’s argumentation about the land ownership and the customary titles that are important to study the affluence making options available for the locals.
Land tenure
The industrialization in the 1800s have created a huge impact on the entire world’s land ownership considerations. It is essential to know that initially the small farms were owned by the people themselves and they grew the crops by themselves which resulted in the stable local economy (Barros et al., 2016). Later on, with the addition of the integrated industry all over the world, land ownership was also changed. Currently, poverty is not due to the lack of land ownership, but it was observed due to the lack of the customary rights
In the publication in 2000 of The Mystery of Capital by Hernando De Soto, it is being stated that there is a direct relationship between the poverty, ownership, as well as affluence in the western society(Restuccia and Santaeulalia-Llopis, 2017). De Soto also explained that he is looking for the reasons for continued poverty among the low as well as middle-income countries(Nyamu-Musembi, 2006). In the discussion of the impacts of the tenure security in which the titles play an essential role in the enhancement of the tenure security, the customary titles are necessary to be considered. It is considered to be very difficult to accommodate the extended families as well as the group rights when issued once legally(De Vries and Lewis, 2009). There are some important outcomes of the customary rights which include the increase of the rents in a highly dramatic way when the titling is performed.
Moreover, another issue is that even if the poor are relatively acquiring the assets, they are not able to fully utilize them in one way or the other. The assets that are owned by the less fortunate are mostly defective or deemed useless and they do not have the knowledge to build themselves a fortune by investing their assets into the right place at the right time (Musembi, 2007). The private title deeds are considered to be an essential deal of asset improvement in which the poor could be allowed to enhance their living standards. By granting mediocre titles to the land, De Soto has stated that the property would be used to get the loans for starting businesses as well as improvement of the houses so that the poverty would be reduced. This reduction of the poverty is the main aim of all of the ways that are being discussed as well as the empirical discussion made by De Soto in his writings.
The titling is essential for poor people’s lands because it helps in generating diversified opportunities to make enormous profits. In history, the land equity notes and the customary rights resulted in losing the rights of the land.(Nyamu-Musembi, 2006) In the past, the landowners who did not have the proper financial capital for making the profit were supposed to get the money in the form of the private titling as per mentioned by De Soto in which the individual holdings are considered through titling(Benjaminsen, 2009).
According to relevant research, the removing of the customary rights is considered to play an essential role in the complete loss of the asset because if the individual is not able to pay back, they would have no right on their land or the asset they once owned. Explaining this fact includes the discussion of the history in which there are several cases involved the land ownership issues (Chimhowu and Woodhouse, 2006). It was owned by small farmers, and due to the lack of funds, they started to get land equity which resulted in the loss of their customary rights. De Soto’s concept of the customary rights is relatively old and outdated but with a lots of temporary benefits (Benjaminsen, 2009). On one side it helps the people with the private titles to get rid of the poverty and built a stable source of income and on the other side they are also able to improve their own lifestyle which would result in the improvement of the society of the developing…
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