I first read of land acquisition deals in Africa about two years ago. It was between South Korea’s Daewoo and the Madagascar government, and the details included leasing the land for 99 years, mainly for farming. The produce was to be exported, but Daewoo promised to invest 6 billion dollars over a period of twenty… Read More »
on the American Anthropological Association (AAA) website. From the AAA blog: The economic crisis issue includes: Gillian Tett: Icebergs and Ideologies: How Information Flows Fuelled the Financial Crisis Aaron Pitluck: Ethnography Meets Econometrics: Exploring Daily Work Practices that Lead to Financial Crises Tara Schwegler: The Global Crisis of Economic Meaning Edward F Fischer: Capitalism in… Read More »
Abstract The report provides a comparative study of the impact of Asian companies on the two leading oil producing countries in sub-Saharan Africa, Nigeria and Angola. The report shows that Asian companies that gained a foothold in the Nigerian oil sector in return for their commitments to invest in downstream and infrastructure projects failed to… Read More »
Time Magazine reports that South Korea’s Daewoo Logistics leased 3.2 million acres of farmland from the Madagascar government. The land would be used as a farmland, and the South Korean company hopes this would help secure food supply for their country. The lease is for 99 years. A Daewoo manager, Hong Jong-wan, told the Financial… Read More »