Over the past quarter century, Vietnam’s
agricultural sector has made enormous progress. Vietnam’s
performance in terms of agricultural yields, output, and
exports, however, has been more impressive than its gains in
efficiency, farmer welfare, and product quality. Vietnamese
agriculture now sits at a turning point. The agricultural
sector now faces growing domestic competition - from cities,
industry, and services - for labor, land, and water. Rising

This study aims to assess the extent to
which reforms have actually been implemented, the impact
they have had on the rural population, and the challenges
which, as a consequence, need to be addressed by the new
administration. This report is organized as follows: Section
1 describes Mexico's rural economy. It reviews the
broad context of macro, trade, and sector-level reforms, the
strengths and weaknesses of both the productive and

Is Land Titling in Sub-Saharan Africa Cost-Effective? A cost benefit analysis suggests that the current system of formal titling should not be extended in rural Madagascar and that any new system of land registration would have to be quite inexpensive to be worthwhile. Indeed, establishing a modern property rights system without legally recognizing informal rights may expand the scope for rent-seeking, thus creating additional insecurity (Atwood 1990).

Groundwater is a vital yet threatened
resource in much of South Asia. This paper develops a model
of groundwater transactions under payoff uncertainty arising
from unpredictable fluctuations in groundwater availability
during the agricultural dry season. The model highlights the
trade-off between the ex post inefficiency of long-term
contracts and the ex ante inefficiency of spot contracts.
The structural parameters are estimated using detailed

The authors use data from Nicaragua to
examine the impact of the award of registered and
nonregistered title on land values and on investments
attached to land. They find that receipt of registered title
increases land values by 30 percent and greatly increases
the propensity to invest, bringing investment closer to the
optimum. Consistent with descriptive statistics indicating
great demand for regularization of land rights, especially

This study analyzes the difficulties a
poor community experienced in accessing peri-urban land in
South Africa. This community, composed largely of laid-off
farm workers, wanted to buy their own farm in a peri-urban
area west of Johannesburg to establish a mixed-use
settlement. The Ethembalethu 250 families started their own
savings scheme to make their dream a reality. Millions of
black South Africans live in the peri-urban areas. However,

While liberalizing key factor markets is
a crucial step in the transition from a socialist
control-economy to a market economy, the process can be
stalled by imperfect information, high transaction costs,
and covert resistance from entrenched interests. The authors
study land-market adjustment in the wake of Vietnam's
reforms aiming to establish a free market in land-use rights
following de-collectivization. Inefficiencies in the initial

Although early attempts at land titling
in Africa were often unsuccessful, the need to secure rights
in view of increased demand for land, options for
registration of a continuum of individual or communal rights
under new laws, and the scope for reducing costs by
combining information technology with participatory methods
have led to renewed interest. This paper uses a
difference-in-difference approach to assess economic impacts

The authors develop a model of land
leasing with agents characterized by unobserved
heterogeneity in ability and presence of an off-farm labor
market. In this case, decentralized land rental may
contribute to equity and efficiency goals and may have
several advantages over administrative reallocation. The
extent to which this is true empirically is explored using
data from three of China's poorest provinces. The

Azerbaijan’s performance on the twin
goals has been commendable. The middle class has doubled in
size and extreme poverty has almost been eliminated in the
space of a decade. At the same time, regional differences
persist, with significantly higher poverty rates in lagging
regions, and Baku dominating overwhelmingly in terms of
share of GDP. Disparities in welfare also persist between
rural and urban areas as well as across social groups. As

Land policy, administration and
management are areas of strong client demand for technical
advice and operational support. This review sought to help
the Bank better position itself to present coherent advice
on policy, institutional arrangements and practice. The
potential implications are a lowering of reputational risk
to the Bank; greater efficiency in the process including
joint data gathering; and building of greater momentum and

The Philippine Economic Update (PEU)
provides an update on key economic and social developments,
as well as policies over the past six months. It also
presents findings from recent World Bank studies on the
Philippines. It places them in a longer term and global
context, and assesses the implications of these developments
and policies on the outlook for the Philippines. Its
coverage ranges from the macro-economy and financial markets