Using as a background the stormy debates about land acquisition currently raging in India, the paper describes its various inter-connected aspects and analyses through a formal model these inter-connections in a model of corporate led growth. The outcome is the emergence of informal sector and corruption of the democratic process. It shows how state sponsored land acquisition adversely affects the private investment climate with proclivity towards speculative land holding, worsening income and wealth distribution, while it captures analytically why and how unemployment and depletion of natural resources at an unwarranted rate proceeds simultaneously with high economic growth. The impact predominantly is greater destitution rather than welfare for the majority of the people.
Key words: Land, natural resource, informal sector, unemployment, corporations, democracy. JEL Classification: O11, O40, E10, J46, Q30. Article Language: EnglishTurkish
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