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URBANISATION AND INFORMALITY IN AFRICA'S HOUSING MARKETS
Author(s) -
Boudreaux Karol
Publication year - 2008
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2008.00818.x
Subject(s) - urbanization , informal sector , government (linguistics) , human settlement , economic interventionism , economic growth , business , informal settlements , transaction cost , intervention (counseling) , private sector , development economics , economics , finance , political science , geography , psychology , linguistics , philosophy , archaeology , psychiatry , politics , law
Urbanisation is a growing phenomenon in Africa. Across the continent cities are drawing more and more people in search of economic opportunity. The majority of these people end up living in informal settlements: slums. As Africa's slums expand, international organisations, NGOs, and governments themselves call for strong public‐sector action to deal with the problems in these settlements and to limit their expansion. However, government intervention in African housing markets may have contributed significantly to the growth of informal settlements. A maze of regulations and administrative barriers has imposed high transaction costs on formal‐sector housing entrepreneurs. By raising the costs of providing low‐income housing, African governments bear much responsibility for driving formal‐sector entrepreneurs out of the housing market and for driving their citizens into slums.

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