Financialization, land prices and land grab: a study based on the Brazilian reality
Autor(a) principal: | |
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Data de Publicação: | 2017 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Economia e Sociedade |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0104-06182017000401149 |
Resumo: | Abstract In the last years, the term “land grab” has gained international importance and has been used as a catch-all frase for (trans)national commercial land transactions mainly revolving around the production and export of food, animal feed, biofuels, timber and minerals. The main literature explains it as a consequence of the financialization process that included land as an asset. Our main proposition in this article is that for Brazil, speculative land acquisitions played an important role in the portfolio of many economical agents, but with the deregulation of financial markets and the financialization of the seventies it became more intensive. To do so, first we present the different theoretical approaches to the land grab phenomenon and add a post-keynesian view on land transactions to the debate. Second, we analyze the available data on agriculture and livestock foreign investments in Latin America with the main focus on Brazil. Third, we present the legal and institutional aspects of foreign-owned land in Brazil. In conclusion, we propose that land grabbing will always have a speculative component, but after the deregulation of financial markets, the pressure for land acquisition is larger and the efforts in regulation and control over land acquisition in Brazil have not been effective in controlling acquisitions by foreigners. |
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Economia e Sociedade |
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Financialization, land prices and land grab: a study based on the Brazilian realityFinancerizationLand grabLand governancePost-KeynesianBrazilLatin AmericaAbstract In the last years, the term “land grab” has gained international importance and has been used as a catch-all frase for (trans)national commercial land transactions mainly revolving around the production and export of food, animal feed, biofuels, timber and minerals. The main literature explains it as a consequence of the financialization process that included land as an asset. Our main proposition in this article is that for Brazil, speculative land acquisitions played an important role in the portfolio of many economical agents, but with the deregulation of financial markets and the financialization of the seventies it became more intensive. To do so, first we present the different theoretical approaches to the land grab phenomenon and add a post-keynesian view on land transactions to the debate. Second, we analyze the available data on agriculture and livestock foreign investments in Latin America with the main focus on Brazil. Third, we present the legal and institutional aspects of foreign-owned land in Brazil. In conclusion, we propose that land grabbing will always have a speculative component, but after the deregulation of financial markets, the pressure for land acquisition is larger and the efforts in regulation and control over land acquisition in Brazil have not been effective in controlling acquisitions by foreigners.Instituto de Economia da Universidade Estadual de CampinasPublicações2017-12-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0104-06182017000401149Economia e Sociedade v.26 n.spe 2017reponame:Economia e Sociedadeinstname:Universidade Estadual de Campinas (UNICAMP)instacron:UNICAMP10.1590/1982-3533.2017v26n4art12info:eu-repo/semantics/openAccessReydon,Bastiaan PhilipFernandes,Vitor Bukvareng2018-04-11T00:00:00Zoai:scielo:S0104-06182017000401149Revistahttps://periodicos.sbu.unicamp.br/ojs/index.php/ecosPUBhttps://periodicos.sbu.unicamp.br/ojs/index.php/ecos/oaicbaltar@unicamp.br||ppec@unicamp.br||prates@unicamp.br1982-35330104-0618opendoar:2022-11-08T14:23:37.690753Economia e Sociedade - Universidade Estadual de Campinas (UNICAMP)false |
dc.title.none.fl_str_mv |
Financialization, land prices and land grab: a study based on the Brazilian reality |
title |
Financialization, land prices and land grab: a study based on the Brazilian reality |
spellingShingle |
Financialization, land prices and land grab: a study based on the Brazilian reality Reydon,Bastiaan Philip Financerization Land grab Land governance Post-Keynesian Brazil Latin America |
title_short |
Financialization, land prices and land grab: a study based on the Brazilian reality |
title_full |
Financialization, land prices and land grab: a study based on the Brazilian reality |
title_fullStr |
Financialization, land prices and land grab: a study based on the Brazilian reality |
title_full_unstemmed |
Financialization, land prices and land grab: a study based on the Brazilian reality |
title_sort |
Financialization, land prices and land grab: a study based on the Brazilian reality |
author |
Reydon,Bastiaan Philip |
author_facet |
Reydon,Bastiaan Philip Fernandes,Vitor Bukvar |
author_role |
author |
author2 |
Fernandes,Vitor Bukvar |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Reydon,Bastiaan Philip Fernandes,Vitor Bukvar |
dc.subject.por.fl_str_mv |
Financerization Land grab Land governance Post-Keynesian Brazil Latin America |
topic |
Financerization Land grab Land governance Post-Keynesian Brazil Latin America |
description |
Abstract In the last years, the term “land grab” has gained international importance and has been used as a catch-all frase for (trans)national commercial land transactions mainly revolving around the production and export of food, animal feed, biofuels, timber and minerals. The main literature explains it as a consequence of the financialization process that included land as an asset. Our main proposition in this article is that for Brazil, speculative land acquisitions played an important role in the portfolio of many economical agents, but with the deregulation of financial markets and the financialization of the seventies it became more intensive. To do so, first we present the different theoretical approaches to the land grab phenomenon and add a post-keynesian view on land transactions to the debate. Second, we analyze the available data on agriculture and livestock foreign investments in Latin America with the main focus on Brazil. Third, we present the legal and institutional aspects of foreign-owned land in Brazil. In conclusion, we propose that land grabbing will always have a speculative component, but after the deregulation of financial markets, the pressure for land acquisition is larger and the efforts in regulation and control over land acquisition in Brazil have not been effective in controlling acquisitions by foreigners. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-12-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0104-06182017000401149 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0104-06182017000401149 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/1982-3533.2017v26n4art12 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Instituto de Economia da Universidade Estadual de Campinas Publicações |
publisher.none.fl_str_mv |
Instituto de Economia da Universidade Estadual de Campinas Publicações |
dc.source.none.fl_str_mv |
Economia e Sociedade v.26 n.spe 2017 reponame:Economia e Sociedade instname:Universidade Estadual de Campinas (UNICAMP) instacron:UNICAMP |
instname_str |
Universidade Estadual de Campinas (UNICAMP) |
instacron_str |
UNICAMP |
institution |
UNICAMP |
reponame_str |
Economia e Sociedade |
collection |
Economia e Sociedade |
repository.name.fl_str_mv |
Economia e Sociedade - Universidade Estadual de Campinas (UNICAMP) |
repository.mail.fl_str_mv |
cbaltar@unicamp.br||ppec@unicamp.br||prates@unicamp.br |
_version_ |
1800216545697202176 |