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  • The 2017 Global Award for Entrepreneurship Research goes to Hernando de Soto

    The Global Award for Entrepreneurship Research is the most prominent international award in entrepreneurship research with a price sum of EUR 100,000. De Soto’s analyses have had tremendous influence on policy throughout the world and were a main source of inspiration for the World Bank’s Doing Business program. Read More
  • 2017 Award Winner

    Hernando de Soto Peru  Institute for Liberty and Democracy For developing a new understanding of the institutions that underpin the informal economy as well as the role of property rights and entrepreneurship in converting the informal economy into the formal sector.   Read More
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"Forget the details, all the facts that are needed to be able to see what belongs to whom, and have the degree of certainty that you need to make transactions in a market economy remain to be done," said Hernando de Soto, an economist from Peru who has researched property rights and their relationship to economic development.

In the 14th edition of the World Bank's Doing Business report, ILDs Hernando de Soto was recognized for his influential work that led to the formulation of the annual report. The 2017 edition of the report includes a writeup in the forward section talking about De Soto's initial research in Peru, where he opened a small garent business. Here is an abstract:

Hernando de Soto, of the Instituto Libertad y Democracia, in Peru, whose offices were bombed twice, and the late Ljubo Sirc (1920-2016), working with the resistance in most Soviet satellites, are prime examples. De Soto has been particularly active in showing how market incentives, implemented from the bottom up, but facilitated by regulatory simplification, helped win the war against terrorists in Peru. He recommends similar policies in Colombia and the Middle East.

-La Universidad San Ignacio de Loyola se enorgullece de contar con las más destacadas personalidades de Latinoamérica como miembros de su Consejo Consultivo Internacional, quienes figuran en el informe especial de “Los 150 hombres y mujeres más influyentes de América Latina”, publicado en la edición de noviembre de la revista América Economía.

Hernando De Soto, the greatest proponent of physical property rights, stated in the report that property rights are crucial in establishing a climate conducive to economic prosperity and freedom within a country.

Como en los tiempos de Adam Smith, el Estado favorece a algunas corporaciones a través de regulaciones, impuestos, subsidios y licencias.Para los que no somos estadounidenses resulta a veces difícil entender a Donald Trump porque habla y escribe en lo que el filósofo británico Bertrand Russell llamaba “manchitas de color”: microconceptos que tienen que ser armados como un rompecabezas para con ellos formar una visión de conjunto coherente e inteligible.

It’s now a cliché to say that capitalism is in crisis, and after that not much more of value gets said – just lots of hand-wringing and head-shaking about inequality, stakeholders, the 1%, and social responsibility. So it was refreshing to hear original thinking on the issue from two of the smartest people I know, the Peruvian author and researcher Hernando de Soto and former Treasury Secretary and Harvard president Larry Summers.

For us non-Americans it is sometimes hard to understand Donald Trump because he speaks and writes in what the British philosopher Bertrand Russell called “little patches of color”—micro-facts that must be pieced together to form a meaningful picture.

La victoria de Donald Trump no es del todo negativa, al menos para el Perú, explica el economista. “El país tiene una oportunidad única si sabemos mirar hacia nuestra reciente historia de éxito”, señala. Estas son sus razones. El economista peruano Hernando de Soto explica por qué la victoria de Donald Trump en las elecciones presidenciales de Estados Unidos podría tener implicancias positivas para el Perú.

One of the more provocative applications of the blockchain is its potential to unlock undocumented value in the developing world. Peruvian economist Hernando de Soto, whose book The Mystery of Capital is often cited on this topic, has asserted that 5 billion people lack access to adequate record-keeping infrastructure such as land titles, resulting in over $10 trillion in assets susceptible to unlawful expropriation and corruption. De Soto evocatively refers to these assets as "dead capital."

La derrota del grupo terrorista Sendero Luminoso, sin ayuda del gobierno norteamericano y europeo, daría confianza en el Perú al nuevo gobierno de Donald Trump, según Hernando de Soto. El economista peruano aseguró que si se utiliza este hecho histórico se puede generar confianza con el nuevo gobierno de Estados Unidos y reforzar lazos económicos y sociales.

LIMA – Colombia ha estado luchando contra el terrorismo de las Fuerzas Armadas Revolucionarias (FARC) por los últimos 52 años y, sin embargo, aún no ha ganado la guerra. A principios de octubre la mayoría de los colombianos rechazaron el plan del gobierno del presidente Santos para pacificar el país.

For economist Hernando de Soto, property rights are what differentiates the developing world from the developed world. He says that they tend to go astray in countries like his native Peru: because property rights aren’t clear, people can’t take out loans on their assets and can’t exercise their rights over their property like they can in countries like the UK and the US.

The William & Mary Brigham-Kanner Property Rights Conference went international  in October when it held its 13th annual program at the seat of the World Court, the Peace Palace in The Hague, Netherlands. During the three-day event, internationally renowned Peruvian economist Hernando de Soto was honored with the 2016 Brigham-Kanner Property Rights Prize.

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