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Journal of Globalization and Development

Ed. by Stiglitz, Joseph / Emran, M. Shahe / Guzman, Martin / Jayadev, Arjun / Ocampo, José Antonio / Rodrik, Dani

2 Issues per year

CiteScore 2017: 0.30

SCImago Journal Rank (SJR) 2017: 0.167
Source Normalized Impact per Paper (SNIP) 2017: 0.519

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Land Deals in Africa: Pioneers and Speculators

Paul Collier / Anthony J. Venables
Published Online: 2012-06-28 | DOI: https://doi.org/10.1515/1948-1837.1228


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.

Keywords: land deals; land grabs; farmland; Africa; rent; lease

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Published Online: 2012-06-28

Citation Information: Journal of Globalization and Development, Volume 3, Issue 1, ISSN (Online) 1948-1837, DOI: https://doi.org/10.1515/1948-1837.1228.

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