Episode 41: Acquisition of Property in the Philippines

Episode #041
(25:21 min 23.8MB)
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In the Philippines, the problems of property rights are complex. Dr. Arturo Corpuz, vice president for Urban and Regional Planning of Ayala Land, draws from personal experience and speaks about land acquisition problems. He discusses how property rights are meaningful only to the extent that you can utilize the land and extract value from it. Unfortunately difficulties with ownership, documentation and process, zoning and access hamper the realization of property’s full potential.

This does serious damage to economic development. Land that could be used commercially but is tied up in red tape and litigation is dead capital. The amount of dead capital in the country is staggeringly high. This is one of the causes of poor economic performance, but most people are not aware of it.

Dr. Corpuz also touches on possible solutions, but states that these are unlikely without adequate infrastructure and institutional reforms.

The music is provided by Dieter Bachmann and Dan-O.

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