In this, his classic book on the informal economy of Peru and the reasons why poverty can be a breeding ground for terrorists, Hernando De Soto describes the forces that keep people dependent on underground economies: the bureaucratic barriers to legal property ownership and the lack of legal structures that recognize and encourage ownership of assets. It is exactly these forces, de Soto argues, that prevent houses, land, and machines from functioning as capital does in the West--as assets that can be leveraged to create more capital. Under the Fujimori government, de Soto's Institute for Liberty and Democracy wrote dozens of laws to promote property rights and bring people out of the informal economy and into the legitimate one. The result was not only an economic boon for Peru but also the defeat of the Shining Path, the terrorist movement and black-market force that was then threatening to take over the Peruvian government. In a new preface, de Soto relates his work to the present moment, making the connection between the Shining Path in the 1980's and the Taliban today.
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Hernando de Soto is President of the Institute for Liberty and Democracy (ILD), headquartered in Lima, Peru. He was named one of the five leading Latin American innovators of the century by Time magazine in its May 1999 issue on "Leaders for the New Millennium." De Soto played an integral role in the modernization of Peru's economic and political system as President Alberto Fujimori's Personal Representative and Principal Adviser. His previous book, The Other Path, was a best seller throughout Latin America and the U.S. He and ILD are currently working on the practical implementation of the measures for bringing the poor into the economic mainstream introduced in The Mystery of Capital. He lives in Lima, Peru.
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Book Description Harpercollins. Book Condition: New. 0060160209 New Inside & Out. Clean & Crisp. No markings. Excellent book! You will be pleased. ( z1s56c ). Bookseller Inventory # SKU1005094
Book Description Harpercollins, 1989. Book Condition: New. Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: The #1 bestseller in Latin America for the past year, this book describes underdeveloped countries of the Third World and how their internal economies and political alliances function. Photographs. Bookseller Inventory # ABE_book_new_0060160209
Book Description Harpercollins, 1989. Hardcover. Book Condition: New. book. Bookseller Inventory # 0060160209
Book Description Book Condition: Brand New. Book Condition: Brand New. Bookseller Inventory # 97800601602031.0
Book Description Harpercollins, 1989. Hardcover. Book Condition: New. Bookseller Inventory # P110060160209
Book Description Harpercollins. Hardcover. Book Condition: New. 0060160209 New Condition. Bookseller Inventory # NEW6.0012191