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This book analyses large-scale land investments for agricultural
purposes in Africa's least developed countries from a law and
economics perspective. Focusing on the effects of foreign land
investments on host countries' local populations and the apparent
failure of international law to create incentives to offset them,
it also examines the legal and economic mechanisms to hold
investors accountable in cases where their investment leads to
human rights violations. Applying principal agent and contract
theory, it elucidates the sources of opportunism and develops
control mechanisms to ameliorate the negative effects. It shows
that although judicial mechanisms fail to deliver justice,
international law offers alternatives to safeguard against
arbitrary and abusive state and investor conduct, and also to
effectuate human rights and, thus, tackle opportunistic behaviour.
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