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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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In an exclusive interview with Breitbart News, the renowned Peruvian economist Hernando de Soto said that both Pope Francis and Donald Trump suffer from an excessively Eurocentric worldview, leading them to see solutions to social ills in terms of walls and bridges, when what is really needed is a “paradigm change.

”Although he is favorable to social bridge-building and sympathetic to a need for walls, de Soto told Breitbart News that “you cannot continue trying to build Eurocentric horizontal bridges from left to right when it is obvious that our 2nd– and 3rd-world problems require vertical ladders from the bottom to the top.”

“So there they are moving in droves to the cities and the North,” de Soto said, referring to the global migration crisis. “And there are the leaders of the West fighting over walls and bridges, when all we need are ladders.”

Last week, de Soto wrote a sort of “open letter” to Pope Francis, suggesting that the pontiff challenge Donald Trump to take up the cause of property rights worldwide, since the lack of enforced “property borders” holds a majority of the world population back in economic stagnation.


Read the full article on the website of Breibart

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