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

    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

    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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After all, the Arab Spring began when a poor Tunisian entrepreneur, Mohamed Bouazizi, set himself on fire in December 2010 to protest the merciless expropriation of his business. He committed suicide – as his brother Salem told me in an interview recorded for American public television – for “the right of the poor to buy and sell.”

Within 60 days of Bouazizi’s death, his message galvanized the Arab world. Sixty-three more small entrepreneurs across the greater Middle East replicated his self-immolation, inciting hundreds of millions of Arabs to take to the streets and topple four governments. The force of their rage continues to destabilize the entire region.

The West didn’t grasp this message. As usual, it focused on macroeconomic adjustment and technical assistance, failing even to consider the property rights of the poor majority. This is an old problem: instead of remembering that property rights are what emancipated their societies from sovereign bullies, left-leaning Westerners think that protecting property is rightist dogma, conservatives take legal property rights for granted, and economists associate them with real-estate deals and carpentry.

You can read the whole article on the World Economic Forum website

 

 

 

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