Assignment:
Economic development in the Republic of Costa Azul is perceived to be hindered by the ownership of all farmland by a few families and a few firms, some of which are U.S.–owned. A new government is democratically elected on a platform of land redistribution. The government, however, has no currency to buy such land and lacks the credit necessary to borrow significant sums. If Costa Azul cannot afford to pay “prompt and just” compensation for foreign private property, should it refrain from initiating social change? Does it make a difference if Costa Azul refrains from taking the land and instead increases property taxes on lots greater than twenty-five hectares by a factor of 100?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.