Assessing compensation values from resettlement projects: The need to incorporate elements of freedom and justice
The compensation for communities who are relocated to make way for development projects is often underestimated. As a consequence, the displaced communities often find their welfare to be worse off after resettlement and hence, the compensations do not provide justice to them.This paper reviews the...
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| Format: | Article |
| Language: | English |
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Othman Yeop Abdullah (OYA) Graduate School of Business, Universiti Utara Malaysia
2016
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/18440/1/IPBJ%208%201%202016%201-15%20%281%29.pdf |
| _version_ | 1825804034044329984 |
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| author | Wen, Chiat Lee Viswanathan, K. Kuperan Ali, Jamal |
| author_facet | Wen, Chiat Lee Viswanathan, K. Kuperan Ali, Jamal |
| author_sort | Wen, Chiat Lee |
| collection | UUM |
| description | The compensation for communities who are relocated to make way for development projects is often underestimated. As a consequence, the displaced communities often find their welfare to be worse off after resettlement and hence, the compensations do not provide justice to them.This
paper reviews the issue of compensation and the approach for making compensation.In particular, it reviews the classical compensation theory by Kaldor-Hicks and also the modern theories of compensation. This paper argues that the Kaldor-Hicks compensation criteria are limited to explain the changes in the welfare of the displaced communities after resettlement.Thus, there is a need to consider the elements in Amartya Sen’s conception of freedom, capability and liberty as well as Rawlsian theory of justice in modern compensation theories in order to capture the real changes in the welfare.A broader conceptual framework for the economics of compensation employing the role of freedom is constructed to provide a comprehensive understanding on the role of freedom and rights in compensation valuation for future development projects. |
| first_indexed | 2024-07-04T06:07:47Z |
| format | Article |
| id | uum-18440 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:07:47Z |
| publishDate | 2016 |
| publisher | Othman Yeop Abdullah (OYA) Graduate School of Business, Universiti Utara Malaysia |
| record_format | eprints |
| spelling | uum-184402016-07-21T07:30:23Z https://repo.uum.edu.my/id/eprint/18440/ Assessing compensation values from resettlement projects: The need to incorporate elements of freedom and justice Wen, Chiat Lee Viswanathan, K. Kuperan Ali, Jamal HD28 Management. Industrial Management The compensation for communities who are relocated to make way for development projects is often underestimated. As a consequence, the displaced communities often find their welfare to be worse off after resettlement and hence, the compensations do not provide justice to them.This paper reviews the issue of compensation and the approach for making compensation.In particular, it reviews the classical compensation theory by Kaldor-Hicks and also the modern theories of compensation. This paper argues that the Kaldor-Hicks compensation criteria are limited to explain the changes in the welfare of the displaced communities after resettlement.Thus, there is a need to consider the elements in Amartya Sen’s conception of freedom, capability and liberty as well as Rawlsian theory of justice in modern compensation theories in order to capture the real changes in the welfare.A broader conceptual framework for the economics of compensation employing the role of freedom is constructed to provide a comprehensive understanding on the role of freedom and rights in compensation valuation for future development projects. Othman Yeop Abdullah (OYA) Graduate School of Business, Universiti Utara Malaysia 2016 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/18440/1/IPBJ%208%201%202016%201-15%20%281%29.pdf Wen, Chiat Lee and Viswanathan, K. Kuperan and Ali, Jamal (2016) Assessing compensation values from resettlement projects: The need to incorporate elements of freedom and justice. International Postgraduate Business Journal, 8 (1). pp. 1-15. ISSN 2180-2459 http://www.oyagsb.uum.edu.my/images/ipbj/IPBL_Vol._8_1_2016/1.pdf |
| spellingShingle | HD28 Management. Industrial Management Wen, Chiat Lee Viswanathan, K. Kuperan Ali, Jamal Assessing compensation values from resettlement projects: The need to incorporate elements of freedom and justice |
| title | Assessing compensation values from resettlement projects: The need to incorporate elements of freedom and justice |
| title_full | Assessing compensation values from resettlement projects: The need to incorporate elements of freedom and justice |
| title_fullStr | Assessing compensation values from resettlement projects: The need to incorporate elements of freedom and justice |
| title_full_unstemmed | Assessing compensation values from resettlement projects: The need to incorporate elements of freedom and justice |
| title_short | Assessing compensation values from resettlement projects: The need to incorporate elements of freedom and justice |
| title_sort | assessing compensation values from resettlement projects the need to incorporate elements of freedom and justice |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/18440/1/IPBJ%208%201%202016%201-15%20%281%29.pdf |
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