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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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TÊTE À TÊTE | March 5, 2013 -- GB discusses wealth creation, the state of the Americas, and lessons for the states of the post-Arab Spring with Peru’s Hernando de Soto

GB: Why does Peru today have the second fastest-growing economy in the Americas (after Panama)?

HDS: What is good about Peru today is that a macroeconomic model that was designed in the early 1990s has endured and been protected, quite systematically, across different governments – all of different political stripes. The result has been, ultimately, Chinese-type growth rates. Of course, Peru does not profit from the type of canal that has made Panama so vital; otherwise, we would have the top growth rate in Latin America.

Most of the economic and legal reforms have favoured Peru’s urban centres, in which some three-quarters of the national population lives. The rural sector – in the Amazon, in the Andes – has been less favoured. Our indigenous people do not have the same rights as those enjoyed by urban Peruvians, and inequality between rural and urban Peru – particularly in the context of high commodity prices – is really a major social problem.

GB: Can you elaborate on Peru’s economic model?

To read the complete interview, please visit Global Brief

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