The literature on global land deals or land acquisition has extensively described the possible drivers, trajectories, and their impacts. In addition,the concept of a ‘land grab’ per se is heavily contested and viewed as a work in progress. Many have argued on the topic of inclusive land deals without addressing which groups of stakeholders are vested with particular powers and interests in the deals. After reviewing this phenomena in contemporary global land deals and the stakeholder theory of management developed in the 1980s, this paper proposes a conceptual land deal framework. Accordingly, the actors in land deals are characterised and disaggregated into seven generic groups, i.e., “inactive”, “discretionary”, “exigent”, “dominant”, “dangerous”, “dependent”, and “definitive”. The paper concluded that to address the governance challenges in land deals, a need exists to resolve conceptualisation deficiencies related to inclusive land deal frameworks. Thus, this work suggests that extending the stakeholder theory of management to the global governance of transnational land acquisition can significantly aid in resolving conceptualisation limitations for inclusive transnational land deals. Hence, a new inclusive land deal framework was developed that attempts to integrate the biophysical environment, stakeholders, governance, and institutions. Furthermore, this paper recommends that contextualisation of the suggested “land deal power-interest clustering (LD-PIC)” and “legitimacy-interest-power (LIP)” frameworks to those already signed and ongoing land deals using real-world data is a timely matter.
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