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Transnational Farmland Investment: A Risky Business
Author(s) -
Li Tania Murray
Publication year - 2015
Publication title -
journal of agrarian change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.63
H-Index - 56
eISSN - 1471-0366
pISSN - 1471-0358
DOI - 10.1111/joac.12109
Subject(s) - work (physics) , politics , business , investment (military) , market economy , agribusiness , political economy , economics , law , political science , agriculture , mechanical engineering , ecology , biology , engineering
Transnational farmland investments in much of the G lobal S outh are risky for all parties involved: agribusiness firms and their financial backers; host‐country governments; and the people on the spot. This essay focuses on political risk, which encompasses policy shifts, legal disputes and push‐back from affected populations. It draws on the analytical framework of ‘powers of exclusion’ (see the work of D . H all, P . H irsch and T . M . L i) to consider how transnational investors attempt to deploy force, law and market transactions to secure and legitimate farmland deals; yet they remain fragile, as do the governments that enable them.