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Industrialization through FDI, Displacement and Development: POSCO-India Project in Orissa

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  • Hrushikesh Panda
  • Jongsoo Park
  • Duk-Am Kong

Abstract

Development projects often entail displacement of people. In India there have been large protests against industrial projects involving both domestic and foreign capital. POSCO of South Korea plans to invest in a steel plant in Orissa, the second poorest state in India. There had been strong protests against the project. POSCO has been unable to acquire land so far. We argue that considering the opportunity cost of resources the project proposes to use and the tax revenue earnings and employment generation from the project, it is pertinent that the project comes up. However, the compensation to the potential displaced persons is plausibly inadequate and both POSCO and government must try and see that the livelihood of people is not adversely affected.

Suggested Citation

  • Hrushikesh Panda & Jongsoo Park & Duk-Am Kong, 2008. "Industrialization through FDI, Displacement and Development: POSCO-India Project in Orissa," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 11(2), pages 287-307, September.
    • Handle: RePEc:sae:intare:v:11:y:2008:i:2:p:287-307
    DOI: 10.1177/223386590801100215
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    References listed on IDEAS

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    1. Pradhan, Jaya Prakash, 2007. "Trends and Patterns of Overseas Acquisitions by Indian Multinationals," MPRA Paper 12404, University Library of Munich, Germany.
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