Building Prosperity: Housing and Economic Development

Hardcover (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $32.00
Usually ships in 1-2 business days
(Save 82%)
Other sellers (Hardcover)
  • All (8) from $32.00   
  • New (4) from $138.62   
  • Used (4) from $32.00   


This book is a much-needed account, with numerous detailed examples, of the role of housing in economic growth and development by an author in a unique position to understand its importance and the practical measures for delivering that growth.

While the linkages between housing and the macroeconomic environment in developed countries has been studied, the case of developing and transitional countries has been mostly overlooked. The author establishes these linkages with great clarity, supported by detailed case studies chosen to reflect regional diversity, as well as differences in socio-economic development and political systems. On the basis of this analysis, the author goes on to develop specific policies and practices to enable governments to enhance the contribution of housing in economic growth.

Read More Show Less

Editorial Reviews

From the Publisher
"Writing from her extraordinary perspective and experience with governments and civil society around the world, Anna Tibaijuka has provided an important contribution to the debate about the role of housing in development. Building Prosperity is a forceful argument for the need to understand the role of housing in development policies and to include housing as an important component of development strategies." – Professor Michael Cohen, Director of the International Affairs Program, The New School Graduate Program in International Affairs, Newschool, New York

"Good quality, secure housing remains one of the most neglected goals in development. But it has such obvious importance for health, living standards, security and economic development. Building Prosperity addresses these issues and deserves a wide audience among governments and international agencies." – David Satterthwaite, International Institute for Environment and Development (IIED)

"With a deep understanding of the contextualizing pressures associated with rapid urbanization, and the wisdom to see that housing is more than shelter, this book is an essential read for anyone who wants to know what mistakes have been made, what opportunities might still be available, and how best to advance the global commitment to housing as a human right while also laying the foundation for sustained economic growth."Diane E. Davis, Head, International Development Group, Department of Urban Studies and Planning, Massachusetts Institute of Technology (MIT), USA

"[This book] makes an important contribution to the international debate on the role of housing in economic development. It is my sincere hope that its conclusions and recommendations will lead to greater prosperity across the world and translate into positive changes in the lives of the urban poor."From the Foreword by Ban Ki-moon, Secretary-General, United Nations

"This book is important reading for anyone interested in the role of housing in economic growth and development by an author in a unique position to understand its importance and the practical measures for delivering that growth."Urban World

Read More Show Less

Product Details

  • ISBN-13: 9781844076321
  • Publisher: Taylor & Francis
  • Publication date: 10/30/2009
  • Edition description: 1
  • Pages: 288
  • Product dimensions: 6.30 (w) x 9.20 (h) x 1.00 (d)

Meet the Author

Dr Anna Kajumulo Tibaijuka is Under-Secretary-General of the United Nations and Executive Director of the United Nations Human Settlements Programme (UN-Habitat).

Read More Show Less

Table of Contents

List of Case Studies, Boxes, Figures and Tables ix

Foreword Ban Ki-Moon xiii

Acknowledgements xv

1 The Centrality of Housing to Economic Development 1

1.1 Introduction 1

1.2 Rapid and chaotic urbanization 4

1.3 Globalization 6

1.4 Housing as a catalyst of economic growth and development 7

1.5 Poverty reduction strategy papers 10

1.6 The key thesis of the book 11

1.7 Objectives and structure of the book 12

2 A Conceptual Framework for Understanding Housing and Economic Development 19

2.1 Introduction 19

2.2 Dynamic factors of housing investments 20

2.2.1 Housing demand framework 21

2.2.2 Economic development models 22

2.2.3 Stages of economic development 24

2.2.4 The nature of the political and economic system 24

2.2.5 Macroeconomic variables 25

2.2.6 Macroeconomic institutions 26

2.3 Implications of housing investments 26

2.3.1 Direct positive effects 26

2.3.2 Indirect positive effects 27

2.3.3 Housing investment and the MDGs/PRSPs framework 27

2.3.4 Negative effects 31

3 Historical Evolution of Ideas on Housing and Economic Development 35

l3.1 Introduction 35

3.2 Early debates and issues surrounding housing policy 35

3.3 Social housing policy 37

3.4 Slum upgrading programmes 38

3.5 Site-and-service programmes 40

3.6 The enabling approach and urban management 42

3.7 Recent perspectives on housing and economic development 44

3.7.1 The sustainable urban development phase 44

3.7.2 The Habitat II phase 45

3.7.3 The Millennium Development Declaration phase 46

3.7.4 The Istanbul+5 phase 47

3.7.5 Upgrading the Habitat Center to a UN Programme 47

3.8 Revitalization of human settlements' financing activities 49

3.8.1 TheSlum Upgrading Facility 50

3.8.2 The Water and Sanitation Trust Fund 51

3.8.3 Experimental reimbursable seeding operations 52

3.8.4 Women Land Access Trusts 53

3.9 Summing up 80

4 Housing as a Source of Economic Development 83

4.1 Overview of early views and approaches 83

4.2 The influence of housing activities on economic development 86

4.2.1 Direct impacts of housing development 86

4.2.2 Indirect impacts of housing development 101

4.3 The importance of housing in national development planning 102

4.3.1 Housing as a share of government expenditure 103

4.3.2 Housing as a share of international development lending 104

4.3.3 The importance of housing to poverty reduction strategies 105

4.3.4 Housing as a source of innovation, technology and aesthetic improvement 108

4.4 Summing up 126

Appendix Gross national income (GNI) per capita, human development index (HDI) and household size in selected countries 128

5 Housing Finance and Development 133

5.1 Introduction 133

5.2 Housing finance and development 135

5.3 Types and sources of housing finance 139

5.3.1 Conventional mortgage finance 139

5.3.2 Housing subsidies 143

5.3.3 Housing microfinance 148

5.3.4 Migrant remittances 156

5.3.5 Informal finance 157

5.4 Organizations involved in the provision of housing finance 158

5.5 Summing up 163

Housing as a Social Policy Instrument 165

6.1 Introduction 165

6.2 Developing countries 166

6.2.1 Context 166

6.2.2 Drivers of housing policy 167

6.2.3 Phases of housing policy 169

6.3 Transition countries 178

6.3.1 Context 178

6.3.2 Drivers of housing policy 180

6.3.3 Phases of housing policy 181

6.4 Developed countries 189

6.4.1 Context 189

6.4.2 Drivers of housing policy 192

6.4.3 Phases of housing policy 193

6.5 Summing up 202

7 Conclusions and Recommendations 209

7.1 Introduction 209

7.2 Housing as a source of sustainable economic development 211

7.2.1 Key policy lessons 211

7.2.2 Policy recommendations 212

7.3 Housing finance and development 217

7.3.1 Policy lessons and recommendations 217

7.3.2 Rental housing 220

7.3.3 Residential mobility 222

7.4 Formal housing finance 222

7.5 Housing microfinance 225

7.6 Social policy dimensions of housing investments 230

7.6.1 Introduction 230

7.6.2 Key policy lessons for developing countries 230

7.6.3 Policy recommendations for developing countries 231

7.6.4 Key policy lessons for transition countries 232

7.6.5 Policy recommendations for transition countries 233

7.6.6 Key policy lessons for developed countries 235

7.6.7 Policy recommendations for developed countries 236

References 241

Index 259

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)