“. . . whatever may have been the extent of success, almost every country, at least officially, recognised the need of state-led redistributive land reform in promoting economic development, contributing to equity and growth, challenging socio-political hierarchies, and, in the long run, providing political stability. Countries acknowledged the fact that high absolute ground rent resulting from land monopoly acts as an impediment to productivity increasing investments. Even Monica Das Gupta, Helene Grandvoinnet and Mattia Romani of the World Bank have said that nations have much to gain by initiating such institutional reforms.”
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