I cannot help but wonder why no parralel is done with the oil industry. Is it not advocated that oil rich countries with no expertise should let experienced foreign companies run their business, with proper contracts? Isn’t is what is advocated to Venezuela or Nigeria, for example? Why would the same principle not be applied to agricultural ressources?
And why would this be more colonialist than Paul Romer’s new development strategy, by which developing countries could invite experienced governments such as Canada or Finland to “own” and manage some of their cities. Over time, as with Hong Kong, the new cities are turned over to the host country.
Land deals, as diamonds, foreign aid or oil, can be a blessing as much as a curse.