Asongu, Simplice and Nguena, Christian (2014): Equitable and Sustainable Development of Foreign Land Acquisitions: what have we learnt on policy syndromes and implications?
Preview |
PDF
MPRA_paper_56808.pdf Download (231kB) | Preview |
Abstract
Large-scale agricultural land acquisitions have been covered substantially in recent literature. Despite the wealth of theoretical and empirical studies on this subject, there is no study that has reviewed existing literature in light of concerns over sustainable and equitable management. This study fills the gap by analyzing and synthesizing available literature to put some structure on existing knowledge. The paper has a threefold contribution to the literature. First, it takes stock of what we know so far about the determinants of land grab. Second, it presents a picture of sustainable and equitable development of the foreign land acquisitions. Third, policy syndromes are examined and policy implications discussed. Based on the accounts, the issues are not about whether agricultural investments are needed, but on how they can be sustainably and equitably managed to make positive contributions to food security and domestic development.
Item Type: | MPRA Paper |
---|---|
Original Title: | Equitable and Sustainable Development of Foreign Land Acquisitions: what have we learnt on policy syndromes and implications? |
Language: | English |
Keywords: | Governance; Equity; Sustainable Development; Land Grab |
Subjects: | F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment ; Long-Term Capital Movements O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O55 - Africa Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q15 - Land Ownership and Tenure ; Land Reform ; Land Use ; Irrigation ; Agriculture and Environment Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q34 - Natural Resources and Domestic and International Conflicts |
Item ID: | 56808 |
Depositing User: | Simplice Asongu |
Date Deposited: | 23 Jun 2014 12:52 |
Last Modified: | 27 Sep 2019 12:03 |
References: | Abdioglu, N., Khurshed, A., & Stathopoulos, K., (2013). “Foreign institutional investment: Is governance quality at home important?”, Journal of International Money and Finance, 32, pp. 916–940. AGRODEP (2013). “Do Foreign Large-Scale Land Acquisitions decrease smallholder productivity in Africa?”, AGRODEP Bulletin, http://www.agrodep.org/sites/default/files/AGRODEP%20Bulletin_Ed%203_Vol%204.pdf Akpan, U. S., Isihak, S. R., & Asongu, S. A., (2014). “Determinants of Foreign Direct Investment in Fast-Growing Economies: A Study of BRICS and MINT”, African Governance and Development Institute Working Paper. Aleksynska, M., & Havrylchyk, O. (2013). “FDI from the south: The role of institutional distance and natural resources”. European Journal of Political Economy, 29, pp. 38–53. Amendolagine, V., Boly, A., Coniglio, N. D., Prota, F., & Seric, A., (2013). “FDI and Local Linkages in Developing Countries: Evidence from Sub-Saharan Africa”, World Development, 50, pp. 41-56. Anyanwu, J., (2013). “Determining the Correlated of Poverty for Inclusive Growth in Africa”, African Development Bank Working Paper No. 181. Anyanwu, J., (2012). “Why Does Foreign Direct Investment Go Where It Goes?: New Evidence From African Countries”, Annals of Economics and Finance, 13(2), pp. 425-462. Anyanwu, J., & Augustine, D., (2013). “Gender Equality in Employment in Africa: Empirical Analysis and Policy Implications”, African Development Review, 25(4), pp. 400-420. Arezki, R., Deininger, K., & Selod, H., (2011). “What drives the global land rush?”, IMF Working Paper No. 11/251. Asiedu, E., (2002). “On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different?”, World Development, 30, pp. 107–119. Asiedu, E., (2006). “Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability”. The World Economy, 29, pp. 63–77. Asiedu, E., & Lien, D. (2011). “Democracy, foreign direct investment and natural resources”. Journal of International Economics, 84, pp. 99–111. Asongu, S. A., (2012), “Government quality determinants of stock market performance in African countries”, Journal of African Business, 13(2), pp. 183-199. Asongu, S. A., (2013a). “Fighting consumer price inflation in Africa: what do dynamics in money, credit, efficiency and size tell us”, Journal of Financial Economic Policy, 5(1), pp. 39-60. Asongu, S. A., (2013b). “How Would Population Growth Affect Investment in the Future? Asymmetric Panel Causality Evidence for Africa”, African Development Review, 25(1), pp. 14-29. Asongu, S. A., (2014a). “Correcting Inflation with Financial Dynamic Fundamentals: Which Adjustments Matter in Africa?”, Journal of African Business, 15(1), pp. 64-73. Asongu, S. A., (2014b). “Globalization, (fighting) corruption and development: how are these phenomena linearly and nonlinearly related in wealth-effects?”, Journal of Economic Studies, 41(3); Forthcoming. Asongu, S. A., (2014c). “Deforestation and Welfare: Evidence from Africa”, International Journal of Green Economics: Forthcoming. Asongu, S. A., & Aminkeng, G. A. A., (2013). “The economic consequences of China-Africa relations: debunking myths in the debate”, Journal of Chinese Economic and Business Studies, 11(4), pp. 261-277. Asongu, S. A., & Jingwa, B. A., (2012). “Population growth and forest sustainability in Africa”, International Journal of Green Economics, 6(2), pp. 145-166. Bartels, F. L., Alladina, S. N., & Lederer, S., (2009).“Foreign Direct Investment in Sub-Saharan Africa: Motivating Factors and Policy Issues”, Journal of African Business, 10(2), 141-162. Bartels, F. L. Napolitano, F., & Tissi, N. E., (2014). “FDI in Sub-Saharan Africa: A longitudinal perspective on location-specific factors (2003–2010)”, International Business Review: Forthcoming. Bernstein, H., (2013). “Food Sovereignty: A skeptical view”, International Conference, Yale University, September 14-15, http://www.tni.org/sites/www.tni.org/files/download/1_bernstein_2013.pdf (Accessed: 06/04/2014). Bizikova, L., Roy, D., Swanson, D., Venema, H. D., & McCandless, M., (2013). “The Water–Energy–Food Security Nexus: Towards a practical planning and decision-support framework for landscape investment and risk management”, International Institute for Sustainable Development, http://www.iisd.org/pdf/2013/wef_nexus_2013.pdf Boyce, J. K., & Ndikumana, L., (1998). “Congo’s odious debt: External borrowing and capital flight in Zaire”, Development and Change, 29, pp. 195-217. Boyce, J. K., & Ndikumana, L., (2001). “Is Africa a Net Creditor? New Estimate of Capital Flight from Severely Indebted Sub-Saharan African Countries, 1970-1996”, Journal of Development Studies, 38(2), pp. 27-56. Broad, R., & Cavanagh, J., (2013). “Gold for Export? … or Water & Food for Life?The Case of Gold Mining in El Salvador”. International Conference, Yale University, September 14-15. http://www.tni.org/sites/www.tni.org/files/download/11_broad_cavanagh_2013.pdf Buchanan, B. G., Le, Q. V., & Rishi, M., (2012). “Foreign direct investment and institutional quality: Some empirical evidence”. International Review of Financial Analysis , 21, pp. 81–89. Burnett, K., & Murphy, S., (2013). “What Place for International Trade in Food Sovereignty?” International Conference, Yale University, September 14-15, http://www.tni.org/sites/www.tni.org/files/download/2_burnett_murphy_2013.pdf (Accessed: 06/04/2014). Busse, M., & Hefeker, C. (2007). Political risk, institutions and foreign direct investment. Accessed 19.11.2012. Büthe, T., & Milner, H. V., (2008). “The Politics of Foreign Direct Investment into Developing Countries: Increasing FDI through International Trade Agreements?”, American Journal of Political Science, 52 (4), pp. 741–762. Clapp, J., (2013). “Financialization, Distance and Global Food Politics”, International Conference, Yale University, September 14-15. http://www.tni.org/sites/www.tni.org/files/download/5_clapp_2013.pdf Cleeve, E., (2012). “Political and Institutional Impediments to Foreign Direct Investment Inflows to Sub-Saharan Africa”. Thunderbird International Business Review , 54 (4), pp. 469-477. Collier, P., (2008). “The Politics of Hunger How Illusion and Greed Fan the Food Crisis.” Foreign Affairs, 87 (6): 6 Cotula, L. (2013). The great African land grab? Agricultural investments and the global food system. Zed Books, London. Cotula, L., Vermeulen, S., Leonard, R., Keeley, J. (2009). Land Grab or Development Opportunity?: Agricultural Investment and International Land Deals in Africa, London/ Rome Cuervo-Cazurra, A., (2006). “Who cares about corruption?”, Journal of International Business Studies, 37, pp. 807–822. Darley, W. K., (2012). “Increasing Sub-Saharan Africa's Share of Foreign Direct Investment: Public Policy Challenges, Strategies, and Implications”, Journal of African Business, 13(1), pp.62-69. De Janvry, A., & Sadoulet, E., (2010). “Agricultural Growth and Poverty Reduction: Additional Evidence.” World Bank Research Observer, 25 (1), pp. 1-20. De Maria, W., (2010). “Why is the president of Malawi angry? Towards an ethnography of corruption”, Culture and Organization, 16(2), pp. 145-162. Dessy, S., Gohou, G., & Vencatachellum, D., (2012). “Land Acquisition in Africa: Threat or Opportunity for LocalPopulations?”, African Development Bank Working Paper. Economic Commission for Africa (2004). “Land Tenure Systems and their Impacts on Food Security and Sustainable Development in Africa”, ECA/SDD/05/09. Fairbairn, M., (2013). “‘Like gold with yield’: Evolving intersections between farmland and finance”. International Conference, Yale University, September 14-15. http://www.tni.org/sites/www.tni.org/files/download/6_fairbairn_2013.pdf Fosu, A., (2013a), “Growth of African Economies: Productivity, Policy Syndromes and the Importance of Institutions”, Journal of African Economies, 22(4), pp. 523-551. Fosu, A., (2013b), “Institutions and African Economies: An Overview”, Journal of African Economies, 22(4), pp. 491-498. Garoupa, N., & Jellal, M., (2007). “Further notes on information, corruption and optimal law enforcement”, European Journal of Law and Economics, 23(1), pp. 59-69. Gastanaga, V. M., Nugent, J. B., & Pashamova, B. (1998). “Host country reforms and FDI inflows: How much difference do they make?” World Development, 26 (7), pp. 1299-1314. German, L., Schoneveld, G., Mwangi, E., (2011). “Processes of Large-Scale Land Acquisition by Investors: Case Studies from Sub-Saharan Africa”, Paper presented at the International Conference on Global Land Grabbing 6-8 April 2011 . Hajzler, C., (2014). “Resource-based FDI and expropriation in developing economies”. Journal of International Economics, 92 (1), pp. 124–146. Hathie, I., & Yiyugsah, B., (2013). “Energy and Food Security in Sub-Saharan Africa: Global Crisis, Local Impacts”, Center for Democratic Development, Ghana. Ingwe, R., Okoro, J., & Ukwayi, J. K., (2010). “The New Scramble for Africa: How Large-Scale Acquisition of Sub-Saharan Africa’s Land by Multinational Corporations and Rich Countries Threaten Sustainable Development”, Journal of Sustainable Development in Africa, 12(3), pp. 28-50. Isakson, R., (2013). “Financialization and the Transformation of Agro-food Supply Chains: A Political Economy”. International Conference, Yale University, September 14-15. http://www.tni.org/sites/www.tni.org/files/download/9_isakson_2013.pdf Jadhav, P., (2012). “Determinants of Foreign Direct Investments in BRICS Economies: Analysis of Economic, Institutional and Political Factors”. Procedia-Social and Behavioral Sciences , 37, 5-14. Jadhav, P., & Katti, V., (2012). “Institutional and Political Determinants of Foreign Direct Investment: Evidence From BRICS Economies”. Poverty & Public Policy , 4 (3), 49-57. Kinda, T., (2010). “Investment Climate and FDI in Developing Countries:Firm-Level Evidence”, World Development, 38(4), pp. 498-513. Kolstad, I., & Wiig, A., (2011). “Better the Devil You Know? Chinese Foreign Direct Investment in Africa”, Journal of African Business, 12(2), 31-50. Lay, J., & Nolte, K., (2014). “Land grabs or simply investments? Determinants of foreign large scale land acquisitions in developing countries”, GIGA German Institute of Global and Area Studies, Hamburg, Germany, and University of Göttingen. Lipton, M., (2009). Land Reform in Developing Countries: Property Rights and property Wrongs. New York: Routledge (or Taylor and Francis). Liu, P., (2013). “Impacts of foreign agricultural investment on developing countries: evidence from case studies”, Food and Agricultural Organization; file:///C:/Users/user/Downloads/Liu%20(1).pdf Loayza, N. V., & Raddatz, C., (2010). “The composition of growth matters for poverty alleviation.” Journal of Development Economics, 93 (1), pp. 137-51. Jellal, M., & Bouzahzah, M, (2013). “Transparency and corruption: an optimal taxation policy”, European Economics Letters, 2(2), pp. 66-70. Mbunda, R., (2013). “The Developmental State and Food Sovereignty in Tanzania”. International Conference, Yale University, September 14-15. http://www.tni.org/sites/www.tni.org/files/download/21_mbunda_2013.pdf Moosa, I. (2002). Foreign Direct Investment: Theory, Evidence and Practice. London: Palgrave. Moosa, I. A., & Cardak, B. A. (2006). “The determinants of foreign direct investment: An extreme bounds analysis”. Journal of Multinational Financial Management , 16, 199–211. Neumayer, E., & Spess, L., (2005). “Do bilateral investment treaties increase foreign direct investment to developing countries?”, World Development, 33 (10), pp. 1567–85. Nguena, C. L., (2013a), “Solutions Pratiques au déficit de financement des PME au Cameroun”, ICBE Policy Brief, No. 32. Nguena C. L. (2013b), “Rethinking Pro-Growth Monetary Policy in Africa: Monetarist versus Keynesian Approach”; Africa Economic Brief (AEB), 4. Nyarko, Y., (2013). “Sustaining High Economic Growth in Sub-Saharan Africa: Knowledge and the Structure of the Economy”, Journal of African Economies, 22(suppl_1), pages-i101. Okoth-Ogendo, H. W. (2008). The Last Colonial Question: An essay in the pathology of land administration systems in Africa. In: Helge Onsrud and Elena Busch (eds.) Norwegian Land Tools Relevant to Africa Report, of a Workshop organized by the Norwegian Mapping and Cadastre Authority, 3-4 May 2007, Oslo (Norway), Hpnefoss: Norwegian Mapping and Cadastre Authority, February: 37-46 Olanya, D. R., (2012). “From Global Land Grabbing for Biofuels to Acquisitions of African Water for Commercial Agriculture”, Current African Issues 50. Osabuohien, E. S., (2014). “Land-scale agricultural land investments and local institutions in Africa”, Land Use Policy, 39, pp. 155-165. Ranjan, V., & Agrawal, G. (2011). “FDI Inflow Determinants in BRIC countries: A Panel Data Analysis”. International Business Research , 4 (4), pp. 225-263. Robertson, B., & Pinstrup-Andersen, P., (2010). “Global land acquisition: neo-colonialism or development opportunity?”, Food Security, 2(3), pp. 271-283. Rogmans, T., & Ebbers, H. (2013). “The determinants of foreign direct investment in the Middle East North Africa region”. International Journal of Emerging Markets , 8 (3), pp. 240-257. Rolfe, R. J., & Woodward, D. P., (2004). “Attracting foreign investment through privatization: the Zambian experience”, Journal of African Business, 5(1), pp.5-27. Sekkat, K., & Veganzones-Varoudakis, M.-A., (2007). “Openness, Investment Climate, and FDI in Developing Countries”. Review of Development Economics , 11 (4), pp. 607–620. Starr, E., (2013). “Food Sovereignty: A Critical Dialogue”. International Conference, Yale University, September 14-15. http://www.tni.org/sites/www.tni.org/files/download/78_starr_2013_0.pdf Thaler, K., (2013). “Large-Scale Land Acquisitions and Social Conflict in Africa”. International Conference, Yale University, September 14-15. http://www.tni.org/sites/www.tni.org/files/download/22_thaler_2013.pdf Tsafack Nanfosso, R., & Nguena, C. L., (2014a), “Déterminants Microéconomiques du Déficit de Financement des PME au Cameroun”, African Development Review : Forthcoming. Tsafack Nanfosso, R., & Nguena, C. L., 2014b), “On the Sensitivity of Banking Activity Shocks: Evidence from the CEMAC Sub-region”, Economics Bulletin, 34 (1), pp. 354-372. Tsafack Nanfosso, R., & Nguena, C. L., (2014c), “Macroeconomic Factor and Dynamics of Financial Deepening: An empirical Investigation applied to the CEMAC Sub-region”, African Journal of Economic Policy (Forthcoming) Tuomi, K., (2011). “The Role of the Investment Climate and Tax Incentives in the Foreign Direct Investment Decision: Evidence from South Africa”, Journal of African Business, 12(1), pp.133-147. United Nations (2010, January). “Foreign land purchases for agriculture: what impact on sustainable development?”, Sustainable Development and Innovation Briefs Issue No. 8. Van der Ploeg, J. D., (2013). “Peasant-driven agricultural growth and food sovereignty”. International Conference, Yale University, September 14-15. http://www.tni.org/sites/www.tni.org/files/download/8_van_der_ploeg_2013.pdf Vijayakumar, N., Sridharan, P., & Rao, K. C., (2010). “Determinants of FDI in BRICS Countries: A panel analysis”. Int. Journal of Business Science and Applied Management , 5 (3), 1-13. Wei, S.-J. (2000). “How Taxing is Corruption on International Investors?” Review of Economics and Statistics, pp. 82, 1–11. Woodhouse, P., (2012). “Foreign Agricultural Land Acquisition and the Visibility of Water Resource Impacts in Sub-Saharan Africa”, Water Alternatives, 5(2), pp. 208-222 World Bank. (2007). Agriculture for Development: World Development Report 2008. Washington, D.C.: World Bank and Oxford University Press. Wouterse, F., Deininger, K., Selod, H., Badiane, O., Swinnen, J., Von Braun, J., & Zilberman, D., (2011). “Foreign Direct Investment in Land in West Africa: The Status Quo, Lessons from Other Regions, Implications for Research”, West & Central Africa Office Thematic Research Note 1. Yin, J. Z., & Vaschetto, S., (2011). “China’s Business Engagement in Africa”, The Chinese Economy, 44 (2), pp. 43-57. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/56808 |