Unveiling the drivers of large-scale land acquisitions in Asian countries: society, economy and environment

ABSTRACTThe rapid surge in large-scale land acquisitions (LSLAs) has been triggered by the convergence of food, financial and environmental crises in the late 2000s. Since the 2008 commodity price spike, several Asian countries have become preferential targets for LSLAs carried out by foreign compan...

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Main Authors: Luigi Orsi, Lorenzo Zanchi, Chiara Mazzocchi
Format: Article
Language:English
Published: Taylor & Francis Group 2024-12-01
Series:Regional Studies, Regional Science
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/21681376.2024.2306862
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author Luigi Orsi
Lorenzo Zanchi
Chiara Mazzocchi
author_facet Luigi Orsi
Lorenzo Zanchi
Chiara Mazzocchi
author_sort Luigi Orsi
collection DOAJ
description ABSTRACTThe rapid surge in large-scale land acquisitions (LSLAs) has been triggered by the convergence of food, financial and environmental crises in the late 2000s. Since the 2008 commodity price spike, several Asian countries have become preferential targets for LSLAs carried out by foreign companies and governments. The rising interest in Asian farmlands and natural resources arose in a complex set of political transitions and socioeconomic dynamics that have shaped the whole continent in the last decades. This study relies on a dataset built on different data sources, from 2003 to 2021 for a total of 14,724 million hectares involved in LSLAs in Asia. The southeastern region is the most targeted one, with Indonesia and the Philippines as the principal host countries. The main investors are intraregional and, especially in private or stock-exchange listed companies, are from China and Malaysia, who intend to produce palm oil or rubber. Results partially confirm the initial hypothesis, showing that the endowment of land and water resources in host countries is positively related to the amount of land acquired. Findings also show that investors are looking for free market areas, with low trade barriers and low fiscal pressure, where the protection of workers’ rights is lower than that in their homeland.
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spelling doaj.art-8dddfcf27de343d983598042383fcf162024-02-08T10:58:53ZengTaylor & Francis GroupRegional Studies, Regional Science2168-13762024-12-01111638510.1080/21681376.2024.2306862Unveiling the drivers of large-scale land acquisitions in Asian countries: society, economy and environmentLuigi Orsi0Lorenzo Zanchi1Chiara Mazzocchi2Department of Environmental Science and Policy, University of Milan, Milan, ItalyDepartment of Agricultural and Environmental Science, Production, Territory, Agroenergy, University of Milan, Milan, ItalyDepartment of Agricultural and Environmental Science, Production, Territory, Agroenergy, University of Milan, Milan, ItalyABSTRACTThe rapid surge in large-scale land acquisitions (LSLAs) has been triggered by the convergence of food, financial and environmental crises in the late 2000s. Since the 2008 commodity price spike, several Asian countries have become preferential targets for LSLAs carried out by foreign companies and governments. The rising interest in Asian farmlands and natural resources arose in a complex set of political transitions and socioeconomic dynamics that have shaped the whole continent in the last decades. This study relies on a dataset built on different data sources, from 2003 to 2021 for a total of 14,724 million hectares involved in LSLAs in Asia. The southeastern region is the most targeted one, with Indonesia and the Philippines as the principal host countries. The main investors are intraregional and, especially in private or stock-exchange listed companies, are from China and Malaysia, who intend to produce palm oil or rubber. Results partially confirm the initial hypothesis, showing that the endowment of land and water resources in host countries is positively related to the amount of land acquired. Findings also show that investors are looking for free market areas, with low trade barriers and low fiscal pressure, where the protection of workers’ rights is lower than that in their homeland.https://www.tandfonline.com/doi/10.1080/21681376.2024.2306862LSLAsclimate changeAsiagravity model
spellingShingle Luigi Orsi
Lorenzo Zanchi
Chiara Mazzocchi
Unveiling the drivers of large-scale land acquisitions in Asian countries: society, economy and environment
Regional Studies, Regional Science
LSLAs
climate change
Asia
gravity model
title Unveiling the drivers of large-scale land acquisitions in Asian countries: society, economy and environment
title_full Unveiling the drivers of large-scale land acquisitions in Asian countries: society, economy and environment
title_fullStr Unveiling the drivers of large-scale land acquisitions in Asian countries: society, economy and environment
title_full_unstemmed Unveiling the drivers of large-scale land acquisitions in Asian countries: society, economy and environment
title_short Unveiling the drivers of large-scale land acquisitions in Asian countries: society, economy and environment
title_sort unveiling the drivers of large scale land acquisitions in asian countries society economy and environment
topic LSLAs
climate change
Asia
gravity model
url https://www.tandfonline.com/doi/10.1080/21681376.2024.2306862
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