Global Capital, Local Concessions: A Data-Driven Examination of Land Tenure Risk and Industrial Concessions in Emerging Market Economies

Ramon de Leon, Tin Garcia, Gordon Kummel, Lou Munden, Sophia Murday, Leonardo Pradela
The Munden Project, Rights and Resources Initiative

Using geospatial data from 12 emerging market economies (EMEs), this analysis attempts to guide investors in emerging markets by shedding light on a difficult problem: overlapping land claims that diminish the value and viability of industrial concessions. It refers to this as “land tenure risk”. From these data sets and an examination of research and financial information, the report concludes that land tenure risk is a statistically significant source of risk in EME concession investments, and extends across all land-dependent sectors regardless of concession type.