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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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The Indian ExpressPosted online: Saturday, October 27, 2007 at 0000 hrs IST

When in the year 2000, Hernando de Soto came up with his magnum opus The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, it was a fundamental shift in thinking about an economic system

that has had as many cheerleaders as critics. The book examined capitalism through the prism of legal rights and how they needed to change in order that the rest of the developing world, particularly the poor, engages in the creation of capital.

Since then this Peruvian economist has been turning his think tank, Institute of Liberty and Democracy, into an 'action tank'; he serves as co-chair of UNDP-supported Commission on Legal Empowerment of the Poor, the first global initiative to focus on the link between exclusion, poverty and law. Gautam Chikermane and Sandeep Singh questioned Hernando de Soto on the subject, and its relevance to ideas that India is currently grappling with - land rights, squatters, SEZs, development and eminent domain.

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