Industrialization and Compensation for Displaced Farmers

  title={Industrialization and Compensation for Displaced Farmers},
  author={Maitreesh Ghatak and Dilip Mookherjee},
A major problem of contemporary development policy concerns compensation paid to those whose traditional livelihoods are uprooted by modern industrial projects. This involves both equity and efficiency considerations. In the absence of a welfare state those who are rendered unemployed by economic change are left at the mercy of market forces. The political and social fallout of this is a major cost of undertaking industrialization, a point that is often ignored in standard economic discussions… CONTINUE READING

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