BY MEGAN HYNDMAN
AS DEMANDS ON PUBLIC FUNDS HAVE GROWN, GOVERNMENTS HAVE INCREASINGLY TURNED TO A TOOL CALLED VALUE CAPTURE TO HELP FINANCE COSTLY TRANSPORTATION INFRASTRUCTURE. VALUE CAPTURE STRATEGIES ALLOW LOCAL GOVERNMENTS TO CAPITALIZE ON RISING PROPERTY VALUES DUE TO PUBLIC INVESTMENTS IN TRANSIT. SPECIFICALLY, VALUE CAPTURE CORRECTS FOR MARKET EXTERNALITIES BY ENSURING THAT LANDOWNERS HELP PAY FOR THE TRANSIT INFRASTRUCTURE THAT INDIRECTLY BENEFITS THEM THROUGH INCREASED PROPERTY VALUES.
BY GABOR DEBRECZENI
Latin America has made substantial progress with regard to its transportation infrastructure, but a lot remains to be done. The quality of infrastructure is one of the key components of global competitiveness and the lack of sufficient investment is holding the region back on growth, trade, and the lessening of poverty and inequality.
By Davide Pini
By allowing countries to raise differential taxation on “like goods” based on different methods of production, the WTO could create a level playing field, which would allow consumers to make informed decisions between industrially produced goods and Fair Trade products on a more equal price basis. Although this would imply a distortion of the free market economy, it would help the WTO achieve its declared goal of higher standards of livings through sustainable development.
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