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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 truly pernicious aspect of poverty is how difficult it is to escape. We are well aware of how labourers use modest incomes to break out of the cycle of poverty by paying for their children’s higher education or buying a home. The Mohammed bin Rashid Al Maktoum Global Initiatives foundation has a similar but even more ambitious goal of using Dh1 billion to help 130 million people escape poverty and illness.


In that sense, recognition of Prof Deaton’s work also highlights that of Peruvian economist Hernando de Soto, whose pioneering work on the informal economy suggested ways in which slum dwellings or even street trader sites are assets that ought to be used by the poor to break out of the cycle of poverty. Poverty might be pernicious and self-sustaining, but part of the answer to it will always be about making sure we are looking at the problem from the right perspective.

Read more at The National

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