An Act to provide for the basic law in relation to land other than the village land, the management of land, settlement of disputes and related matters.

Describes (1) the processes of privatization of land management in selected transition countries and (2) the post-privatization changes in land administration institutions which are being crafted to establish land markets. It begins with the proposition that there are similar land market institutional problems which most "transition" countries are facing, due largely to common experiences in creating command economies during the past 50-80 years and the almost simultaneous decisions of these countries to move toward market political economies in the late 1980s and early 1990s.

What have we learned about land markets in South Asia about land reform, land fragmentation, sharecropping, security of tenure, farm size, land rights, transaction costs, bargaining power, policy distortions, and market imperfections (including those associated with gender)?Faruqee and Carey review the literature on land markets in South Asia to clarify what's known and to highlight unresolved issues. They report that: We have a good understanding of why sharecropping persists and why it can be superior to other standard agricultural contracts.