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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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lima sv seThe 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.

His contributions have:

  • Led to a new and better understanding of the role of institutions for entrepreneurship, especially in developing countries.
  • Influenced policy worldwide, both in terms of conceptual understanding and practical policy measures.
  • Paved new ways to assess and measure how difficult it is for people to enter the formal sectors.
  • Shown that the main problem in many developing countries is not capital per se but lack of property rights.

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