Overview

Land economics is grossly neglected in developing countries, including India. The disconnect between land use planning through master plans and land economics is glaring. Master planning has led to an acute scarcity of serviced land and floor space for economic growth and affordable housing. It has resulted in sprawl, housing–employment mismatch, environmental degradation, social exclusion, rent-seeking and deadweight welfare losses. Land Economics and Policy in Developing Countries delves into theory and practice of land economics to draw lessons for land policy and management. It presents concepts and perspectives of land, functioning of land markets, determinants of location and land use, fallacies of comprehensive land use planning, sustainable land management design, land-based financing of infrastructure and land policy reforms in developing countries. This book evaluates land policy and national urban strategy frameworks, and suggests directions for broader reforms in urban planning, financing and governance.

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9789354790430

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Prasanna K. Mohanty is Chair Professor of Economics at the University of Hyderabad, teaching Urban Economics and Transport Economics. Dr Mohanty is Honorary Executive Chair of National Institute of Urban Management, Adviser to Centre for Good Governance, Hyderabad, and a Director in the Board of Reserve Bank of India. An officer from the Indian Administrative Service, Dr Mohanty was Chief Secretary to the Government of Andhra Pradesh. He worked as the Mission Director, Jawaharlal Nehru National Urban Renewal Mission, Government of India; Director General, Centre for Good Governance, Hyderabad; Commissioner of metropolitan cities of Hyderabad and Visakhapatnam; and Vice-Chairman of Hyderabad Urban Development Authority. Dr Mohanty earned his MA and PhD in Economics from Boston University. He was Rockefeller Foundation Post-doctoral Fellow at Harvard University. He has authored Financing Cities in India: Municipal Reforms, Fiscal Accountability and Urban Infrastructure (2016) and Cities and Public Policy: An Urban Agenda for India (2014) and co-edited Urbanisation in India: Challenges, Opportunities and the Way Forward (2014), published by SAGE.

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