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Land Deals in Africa: Pioneers and Speculators

  • Paul Collier und Anthony J. Venables
Veröffentlicht/Copyright: 28. Juni 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

Heruntergeladen am 27.9.2025 von https://www.degruyterbrill.com/document/doi/10.1515/1948-1837.1228/html
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