Definition
A landlocked state or landlocked country is a sovereign state entirely enclosed by land, or whose only coastlines lie on closed seas. There are currently 49 such countries, including five partially recognised states. Only two, Bolivia and Paraguay in South America, lie outside Afro-Eurasia.
Landlocked
What is ‘Landlocked’
In a business sense, a piece of property that is totally inaccessible via public thoroughfare, except through an adjacent lot. A vacant lot that is located behind a strip mall and can only be reached by walking through the mall qualifies as this type of lot. Landlocked property is “locked up” all around by other property.
Explaining ‘Landlocked’
Landlocked property is generally worth less than other properties, due to its inaccessibility. As the old saying goes in real estate, “location, location, location.” This disadvantage makes these properties harder to sell in many instances.
Further Reading
- The challenges facing landlocked developing countries – www.tandfonline.com [PDF]
- Financial reforms and determinants of FDI: evidence from landlocked countries in Sub-Saharan Africa – www.mdpi.com [PDF]
- Foreign aid, foreign direct investment and domestic investment nexus in landlocked economies of Central Asia – mpra.ub.uni-muenchen.de [PDF]
- FDI, AGOA and manufactured exports by a landlocked, least developed African economy: Lesotho – www.tandfonline.com [PDF]
- Tiny, poor, land-locked, indebted, but growing: lessons for late reforming transition economies from Laos – www.tandfonline.com [PDF]
- Landlocked and Geographically Disadvantaged States – www.oxfordhandbooks.com [PDF]
- Geopolitics of landlocked states in South Asia: a comparative analysis of Afghanistan and Nepal – www.tandfonline.com [PDF]
- Landlocked and transit developing countries: Nepal's transit route negotiations with India – www.tandfonline.com [PDF]
- Exchange rate policy and export performance in a landlocked developing country: The case of Nepal – www.sciencedirect.com [PDF]
