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Asset Building and Asset
Redistribution
Ebrahim-Khalil Hassen
ZApreneur
20 September 2017
Workshop on Title Restoration, Tenure Security and Economy
20 September 2017, Birchwood Conference Centre, Department of Human Settlements
Source: IMF Working Paper WP/16/137
CENTRAL DISPUTES ON POLICY
BETWEEN
A.Policies premised on the
existence of a inequality/poverty
trap
B.Policies premised on capacity of
markets to improve incomes and
assets of the poor over a period
of time
Abhijit V. Banerjee and Esther Duflo, Poor Economics, 2011
TITLING AS A MAJOR POLICY
OPTION
Answer 1
Just the market
Household
accumulation
strategy
Formal
property
Answer 2
Once off Asset redistribution
• Once off
• Often linked to war
• Often coercive
• Four horsemen ala Scheidel
• war, revolution, the collapse of
states and natural disasters.
But never so simple
• Taiwan and South Korea
• Assets low in value
• Redistribution in
advance of
industrialisation and
growth
• Irma Adelman
• Social democracy
• History of social democratic
state
• “Crumbling walls” –
insecurity and mobilisation
part of adapting the social
democratic state
• Things fall apart
• Once off redistribution
does not always work
• Carries large challenges
• Legitimate redistributive
demands captured
Answer 3
Asset Building From A Household Perspective
Household
accumulation
strategy
Community
works
Child Savings
Account
Venture Capital
Wider economic
deconcentrating
Formal property
Challenges
• Coordination and access to state resources
• Should social grants be the same?
• Deconcentrating the economy
• Small business
• Titling a small part of an asset building strategy
Circa 2011
Financing of alternatives possible.
(possibly within current resources)

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Asset Building and Redistribution Strategies

  • 1. Asset Building and Asset Redistribution Ebrahim-Khalil Hassen ZApreneur 20 September 2017 Workshop on Title Restoration, Tenure Security and Economy 20 September 2017, Birchwood Conference Centre, Department of Human Settlements
  • 2. Source: IMF Working Paper WP/16/137
  • 3. CENTRAL DISPUTES ON POLICY BETWEEN A.Policies premised on the existence of a inequality/poverty trap B.Policies premised on capacity of markets to improve incomes and assets of the poor over a period of time Abhijit V. Banerjee and Esther Duflo, Poor Economics, 2011 TITLING AS A MAJOR POLICY OPTION
  • 4. Answer 1 Just the market Household accumulation strategy Formal property
  • 5. Answer 2 Once off Asset redistribution • Once off • Often linked to war • Often coercive • Four horsemen ala Scheidel • war, revolution, the collapse of states and natural disasters.
  • 6. But never so simple • Taiwan and South Korea • Assets low in value • Redistribution in advance of industrialisation and growth • Irma Adelman • Social democracy • History of social democratic state • “Crumbling walls” – insecurity and mobilisation part of adapting the social democratic state • Things fall apart • Once off redistribution does not always work • Carries large challenges • Legitimate redistributive demands captured
  • 7. Answer 3 Asset Building From A Household Perspective Household accumulation strategy Community works Child Savings Account Venture Capital Wider economic deconcentrating Formal property
  • 8. Challenges • Coordination and access to state resources • Should social grants be the same? • Deconcentrating the economy • Small business • Titling a small part of an asset building strategy
  • 10. Financing of alternatives possible. (possibly within current resources)