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Risk Assessments
In preparing for the pre-feasibility and detailed feasibility studies, the initiating agency should also assess the potential risks involved in undertaking the project. There are generally three types of risks.
First, there are economic risks involved in using land readjustment to facilitate land development and regeneration. These economic risks come from the uncertainty of the real estate market. Like all other markets, property and land prices fluctuate. If a project is initiated at a time of boom but ends when the market slows down, the projection of using land reserves to raise funds to recover a portion of the project costs may not materialize. If this situation occurs, participating landowners may have to pay additional money to the initiating agency if one of the original objectives is to self-finance part of the project costs. If landowners could not make the payment, both the national and local governments may be liable for covering any shortfall. In other words, all key stakeholders could be at risk of losing money if the prediction of the property market cycle is incorrect.
Second, there are also political risks involved in undertaking land readjustment projects. If for various reasons the project fails, leaders of the public agencies that promote, design, and implement the project could face public criticisms. This risk is particularly prominent when initiators are only experimenting with the technique. That said, this high risk could also bring a huge reward because the public agency could become a pioneer in adopting land readjustment in its country if the project succeeds. Public agencies in other cities will follow its lead.
Another political risk is the loss of government commitment to the long-term project due to a regime change, promotion, or retirement. The central government and/or local jurisdictions may hold a reelection, thereby changing leaderships that may not support the idea of land readjustment. Because land readjustment projects normally take a long time, they could outlive supporting local officials who may be promoted to a higher position or go into retirement.
Third, land readjustment entails social risks. The re-parceling of land sites could create disputes over property boundaries between neighbors. There needs to be a mechanism to resolve this potential problem.
Furthermore, poor households or small landowners and occupants could be marginalized if the decision-making rules are primarily based on landownership instead of “one household, one vote.”
Last, but not least, renters could be subjected to displacement if there is no well-designed policy to protect their rights and welfare. All these potential social issues could add up to political challenges by the poor that could undermine the legitimacy of the project and the stability of the economy.
返回《Entrepreneurial Land Redevelopment Approach: Land Readjustment》慕课在线视频列表
-Welcome
--Welcome
-Course Welcome
-How to Use This Course
-Who's Teaching This Course
-Learning Objectives
-Course Schedule
-Grading and Completion Criteria
--Grading and Completion Criteria
-Introduction
-Defining Land Readjustment
--A Working Definition of Land Readjustment
--Introduction to Land Readjustment
-- Challenges of Rapid Urbanization in Developing Countries
--Challenges of Rapid Urbanization
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-Questions
-Conventional Approaches to Solving Problems of Rapid Urbanization
--Conventional Land Assembly Apporach
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-Land Readjustment as an Alternative
--Land Readjustment as an Alternative
--Land Readjustment as an Alternative
--Questions
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-Course Structure
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-Discussion and Application
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--Application Activity
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-Introduction
--Introduction to Land Readjustment
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-The Evolution of Land Readjustment
--The Early Development Stages of Land Readjustment
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--The Diversity of Land Readjustment
--Diversity of Land Readjustment
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--Questions
-Land Readjustment Examples
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--Turkey
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--Six Lessons of Conducting Land Readjustment in the Fenicia Project in Bogotá, Colombia
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--Post-conflict and Post-disaster Reconstruction
--Angola
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--Chile
--Questions
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-Wrap Up
--Lessons from Global Examples
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--Key Concept Review 2--General observations
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-Discussion and Application
--Module 2: International Experiences with Land Readjustment
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--Application Activity
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-Introduction
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-Conceptualizing Land Readjustment Goals
--Conceptualizing Land Readjustment Goals
--Policy Goals of Land Readjustment
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--Questions
-Myths About Adopting Land Readjustment
--Myth #1: The Need for Land Readjustment Legislation
--Myth #1
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--Example: Informal Settlement Upgrading in Ethiopia
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--Myth #2: Clearly Delineated Property Rights
--Myth #2
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--Example: Urban Village Redevelopment in China
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--Myth #3: The Existence of a Buoyant Real Estate Market
--Myth #3
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--Myth #4: An Organized Community
--Myth #4
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--Myth #5: Trust Relations Among Stakeholders
--Myth #5
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--Questions
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-Preconditions for Adopting Land Readjustment
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-Wrap Up
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-Discussion and Application
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--Application Activity
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-Introduction
-Important Considerations
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-Context Assessment
--Assessing Each Component of the Larger Environment
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-Initiation and Preparation
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--Preparation and Organization
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-Design and Approval
--Design
--Calculation of Land Contribution Ratios
--Calculation of Land Contribution Ratios
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--Approval
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-Implementation and Completion
--Implementation and Completion
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-Evaluation and Scaling Up
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-Wrap Up
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-Discussion and Application
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--Application Activity
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-Main Takeaways
--Takeaways of the Entire Course
--Takeaways of The Entire Course
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-Application Activity
--Application Activity
-Evaluation
-Acknowledgements