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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