DESIGNING LAND ADMINISTRATION SYSTEMS TO SUPPORT MODERN LAND MARKETS

经济需要成功的土地市场来创造财富。 我们的土地管理系统是昂贵的，但对土地市场来说是必不可少的基础设施。 然而，自150年前设计以来，市场已经发明了复杂的商品：时间份额，单位和财产信托，金融工具，抵押贷款支持证书，保险产品，期权，企业发展工具，垂直村庄等等。该项目将解释现代土地市场是如何演变的，以及如何调整土地管理制度，以提供更有效的土地交易和更好地支持新的复杂商品的交易。

Economies require successful land markets to generate wealth. Our land administration systems are expensive but essential infrastructure for land markets. However, since they were designed 150 years ago, the market has invented complex commodities: time shares, unit and property trusts, financial instruments, mortgage backed certificates, insurance products, options, corporate development instruments, vertical villages, and more. The project will explain how modern land markets evolved and how land administration systems can be adapted to provide more efficient land trading and better support for trading in new complex commodities.