Value Capture as a Land Based Tool to Finance Development

Based on the recent publication ‘Implementing Value Capture in Latin America’ the Director of the Latin American Program at Lincoln Institute of Land Policy, MartimSmolka, explains the mechanism of value capture and its sustainability prospects. Smolka focuses on a sample of emblematic cases in the Latin American region, with an analysis that considers the equity and efficiency content, and evaluates actual and potential revenues these instruments generate under different local institutional socio-political circumstances. Martim O. Smolka is an economist with a MA and PhD in Regional Science from the University of Pennsylvania. As director (since 1995) of the Lincoln Institute of Land Policy’s Latin American Program, he directs research and educational programs on issues relating to land markets and land policies. Smolka has developed (and lectured in) more than 600 educational programs for high-level public officials, members of the academia, NGO leaders and other professionals, over the last eighteen years throughout Latin America and globally.