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Land Deals in Africa: Pioneers and Speculators
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Paul Collier
Published/Copyright:
June 28, 2012
Abstract
Much African land currently has low productivity and has attracted investors leasing land as a speculative option on higher future prices or productivity. To be beneficial land deals need to induce productivity enhancing investments. Some of these will be publicly provided (infrastructure, agronomic knowledge), and some can only be provided by ‘pioneer’ investors who discover what works and create demonstration effects. Such pioneers can be rewarded for the positive externalities they create by being granted options on large areas of land. However, pioneers must be separated from speculators by screening and by requirements to work a fraction of the land.
Published Online: 2012-6-28
©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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- International Income Comparisons and Social Welfare: Methodology, Analysis, and Implications
- Do Worker Remittances Reduce Output Volatility in Developing Countries?
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Articles in the same Issue
- Research Foundation
- International Income Comparisons and Social Welfare: Methodology, Analysis, and Implications
- Do Worker Remittances Reduce Output Volatility in Developing Countries?
- Policy Analysis
- Land Deals in Africa: Pioneers and Speculators
- How Does Credit Access Affect Children's Time Allocation?: Evidence from Rural India
- The Costs and Benefits of Duty-Free, Quota-Free Market Access for Poor Countries: Who and What Matters
