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Property Rights As Growth Strategy
1. Introduction The property rights school, a dominant philosophy in development strategies pursued by donor agencies, asks for the rapid legal institutionalization of private property that will theoretically move economies towards pareto efficient uses of resources and expand growth. However, pursuit of property stabilization as a means to a growth strategy is deleterious, as brisk institutionalization of private property regimes proved disastrous in a development context and created additional social pressures leading to humanitarian catastrophes. Further, in the history of the countries that now comprise the ‘developed world’, property stabilization was an elongated, bloody transformation that accompanied hundreds of years of conflict, demographic shifts, intricate adjustment, and political alteration. To expect a swift, fastidious, and peaceful transformation during property rights stabilization in light of recent history in Rwanda, Nepal, and across the developing world has shown to be not only myopic and intellectually dishonest, but dangerous as well. |

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