Economic aspects of land grabbing in the connection with development projects

Abstract

The long-term problem in Slovakia is the seizure of agricultural land for the purpose of implementation of development projects. Factors contributing to land grabbing and occupancy of land were and are mainly due to the need for new residential, industrial and commercial sites as well as transport infrastructure. The Slovak Republic is one of the transition countries, which since 1990 has transferred to a market economy. Subsequent positive legislative changes and the development of new economic instruments in Slovakia has increased interest of foreign companies in business development activities. The consequences of uncontrolled construction boom is reflected in seizure of quality agricultural land for the construction of development projects and the subsequent formation of negative externalities.