The complexity of the system and tendency for officials to delay or block the process encourages people to rely on informal title arrangements. But this informality weakens the security of property rights and undermines economic activity.
Dr. Bjorn Lomborg is the President of the Copenhagen Consensus Centre, a top ranked think tank, and one of TIME magazine's 100 most influential people.
The complexity of the system and tendency for officials to delay or block the process encourages people to rely on informal title arrangements. But this informality weakens the security of property rights and undermines economic activity.
Dr. Bjorn Lomborg is the President of the Copenhagen Consensus Centre, a top ranked think tank, and one of TIME magazine's 100 most influential people.
