Transnational Farmland Acquisition in the International Political Economy: Towards a Better Understanding of Theory, Approach, and Governance

Abstract

A new wave of transnational farmland acquisition recently emerged, giving rise to two questions: What are the approaches in this wave of farmland acquisition and have relevant regulations been created for governance? Theories of international political economy are used to analyze the acquisition race, with two findings. First, grain-importing countries in Asia and the Persian Gulf region tend to use economic nationalism to conduct acquisition. Developed countries in the West tend towards liberalism, with market interests being the driving force behind acquisition, and the civil society of host countries in the South generally embrace both Marxism and liberalism, hoping to evaluate the acquisition process from perspectives of human rights and responsible farmland investment. Second, the existing governance regulations tend to favor investor countries’ interests, leaving host countries’ food security insufficiently protected.