The aim of the paper was to draw readers’ attention and to take part in the discussion on global land grabbing procederu by governments and multinational corporations, as well as an attempt to explain this phenomenon from the perspective of political economy. This paper deals with questions regarding the global expansion of land acquisitions from the political economy perspective. The political economy of land grabbing by foreign investors in less developed countries (mainly in Africa and South Asia) contrast the interests of foreign investors linked to government officials or local elites against interests of local land users and communities. Global land grab has major consequences for economies, livelihoods and environment in investment host countries. It creates winners and losers and yields greater inequality within rural societies.