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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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Hernando de Soto Polar, a Peruvian economist known for his work on the informal economy and on the importance of business and property rights, in his book El Otro Sendero (1986) (published in English in 1989 as The Other Path) argues that excessive regulation in the Peruvian (and other Latin American) countries forced a large part of the economies into informality and thus stifling economic development.

While accusing the ruling class of the 20th century mercantilism; an economic theory and practice that focuses on governmental regulation of a nation’s economy, de Soto admires the entrepreneurial spirit of the informal economy.

To read the complete article please visit  Zimbambwe Independent

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