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    Land Acquisition and Infrastructure Development Through Land Trust Laws: A Policy Framework for Asia

    Yoshino, Naoyuki; Paul, Saumik; Sarma, Vengadeshvaran; Lakhia, Saloni | July 2018
    Abstract
    The “land question” has invigorated agrarian studies and economic history since Marx and early 20th century writers on agrarian questions. In countries that allow private land ownership, compulsory land acquisition is the right and action of the government to take property not owned by it for public use. In the long run, growth dividends from infrastructure development and industrialization are likely to be materialized, and acquisition of land to facilitate such process remains one of the main development challenges in many Asian countries. The recent political upheaval transgressing from the industrialization drive through forcible land-grab in many parts of Asia (India, Indonesia, Nepal, and the Philippines in particular) point to the need for a sustainable policy—a framework that results in a positive sum game, benefiting the landowners without hurting the growth prospects. Combining the tools from the fields of law and economics, we propose the land trust or land lease for the development of infrastructure investment and industrialization purposes. We argue that this is one of the best ways to increase the rate of return to invite private investors into infrastructure investment. Through evidence from the success stories of land trust initiatives in many Asian countries, including India, we aim to showcase the relevance of this alternate method.
    Citation
    Yoshino, Naoyuki; Paul, Saumik; Sarma, Vengadeshvaran; Lakhia, Saloni. 2018. Land Acquisition and Infrastructure Development Through Land Trust Laws: A Policy Framework for Asia. © Asian Development Bank Institute. http://hdl.handle.net/11540/8556.
    Keywords
    Tourism Development
    Development Strategies
    Economic Trends
    Economic Impact
    Economic Incentives
    Green revolution
    Tourism policy
    Development strategy
    Development potential
    Economic evaluation
    Economic growth
    Growth potential
    Development models
    Economic development
    New technology
    Rural planning
    Aid coordination
    Industrial projects
    Infrastructure projects
    Land
    Real estate development
    Central planning
    City planning
    Civic improvement
    Urban renewal
    Urban beautification
    Urban transportation
    Zoning
    Hotels
    Industry
    Land Acquisition
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    Citable URI
    http://hdl.handle.net/11540/8556
    Metadata
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    adbi-wp854.pdf (518.8Kb)
    Author
    Yoshino, Naoyuki
    Paul, Saumik
    Sarma, Vengadeshvaran
    Lakhia, Saloni
    Theme
    Development
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise