Economic Development

Running Head : Economic Development - Madagascar 's Land offer from China

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Introduction

Large scale land acquisitions in form of purchases , concessions and leases by advanced nations from developing nations are raising eyebrows with propositions being made that this is a new form of colonialism Advanced countries are taking advantage of the low production costs in developing countries , the rich soils and abundant water supplies to produce food for their domestic subsistence . Countries

with concerns about food security or whose populations are high are also making use of overseas opportunities to produce food for their residents . These are moves that have been received with fierce opposition with opponents terming these land acquisitions as a bully tactic . This has been the case following China 's proposal to buy land from Madagascar . To many , it is a way of depriving the rural poor of their livelihood most of whom are evicted from the so called government land . According to them , this land could appear underutilized and consequently appear useless but to the rural poor , it is their source of livelihood and should not be leased or sold at whatever cost . Such large scale land acquisitions could however be viewed in a positive light and seen as a poverty eradication and economic development tactic for developing countries

Foreign Direct Investment in the agricultural sector is bound to infuse large amounts of capital in developing countries . This is in addition to...