London School of Economics EOPP: Economic Organisation and Public Policy Programme LSE
EOPP: Economic Organisation and Public Policy Programme

Policy Papers

Contents



Recent Publications: Policy Papers: The Land Acquisition Bill: A Critique and a Proposal
Maitreesh Ghatak

The paper is joint work with Parikshit Ghosh and was published in Economic and Political Weekly of India, October 8, 2011, Vol. XLVI, No 41, it is available here. A shorter version can be accessed here.

Abstract: The 2011 Land Acquisition and Rehabilitation and Resettlement Bill on land acquisition recently tabled in Parliament is well-intentioned but seriously flawed. Its principal defect is that it attaches an arbitrary mark-up to the historical market price to determine compensation amounts. This will guarantee neither
social justice nor the efficient use of resources. The Bill also places unnecessary and severe conditions on land acquisition, such as restrictions on the use of multicropped land and insistence on public purpose, all of which are going to stifle the pace of development without promoting the interests of farmers.

We present an alternative approach that will allow farmers to choose compensation in either land or cash, determine their own price instead of leaving it to the government’s discretion, and also reallocate the remaining farmland in the most efficient manner. Our proposed method involves a land auction covering not only the project site but also the surrounding agricultural land.

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Recent Publications: Policy Papers
Maitreesh Ghatak

Maitreesh Ghatak, joint with Sanjay Banerji (Essex), analyses the issues of land transfer from agriculture to industry in the context of industrialization in West Bengal, India in this Financial Express piece entitled "No Way Out of This Plot", published on Sep 30, 2009.

To read the full article, click here.


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Recent Publications: Policy Papers
Maitreesh Ghatak - Small is smart

Maitreesh Ghatak analyses the effectiveness of microfinance in this article "Small is Smart" published in the Financial Express, August 24, 2009. He argues that while microfinance is no magic bullet for solving all the problems of poverty, it does relax credit constraints faced by the poor.

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Recent Publications: Policy Papers
Anger in the Wake of Aila

Maitreesh Ghatak's latest article in Financial Express is on the role of media in democracy.

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Recent Publications: Policy Papers
Maitreesh Ghatak - Poor Man's Capitalism

Property rights are accepted as central to economic development. But in this article published in the Financial Express on 23 March 2009, Maitreesh Ghatak shows that property reforms alone cannot solve the problems of the poor who do not have any assets at all. He highlights the importance of financial sector reforms to make property rights effective, rather than nominal .

For more details click here


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Recent Publications: Policy Papers
Maitreesh Ghatak: ''Barefoot Businessmen''

Maitreesh Ghatak, in this article in the Financial Express, looks at detailed poverty studies and demolishes some conventional wisdom. The poor, he shows, are doughty entrepreneurs and small improvement in physical infrastructure and well-designed cash incentives can make dramatic improvements in their quality of life

for further details click here


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EOPP Recent Publications: Policy Papers
Maitreesh Ghatak 'Where is Credit Due?'

Maitreesh Ghatak, in this article in Financial Express, analyses the role and functioning of credit markets in developing countries, a subject that evokes much dispute among economists. Are firms credit-constrained? How does one best measure returns to firms: as return to ability of entrepreneur or return to capital stock?

For further details see

http://www.financialexpress.com/news/where-is-credit-due/378205/


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Policy Papers
Maitreesh Ghatak (joint with Abhijit Banerjee, Pranab Bardhan, Kaushik Basu, Mrinal Datta-Chaudhuri, Ashok Guha, Mukul Majumdar, Dilip Mookherjee, and Debraj Ray): ''Beyond Nandigram: Industrialization in West Bengal''

Following the much-publicised peasant unrest over land acquisition for an automobile factory in Nandigram, a village in West Bengal, India, and subsequent police firings that resulted in loss of many lives, Maitreesh Ghatak and his co-authors have published an article entitled "Beyond Nandigram: Industrialization in West Bengal" in Economic and Political Weekly, where they claim that if one is to learn the right lessons from the tragedy of Nandigram, then it must be ensured that the government is involved in the land acquisition process and that one correctly deals with three sets of issues: the size and form of compensation, the eligibility for compensation and the credibility of the process.

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