Hernando de Soto
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.
Hernando de Soto has been a leading intellectual engaged in academic and public policy discussions on global development for the last 30 years. He has made substantial contributions to our understanding of the informal economy as well as the importance of property rights to unleash entrepreneurship and alleviate poverty and underdevelopment. His contributions have led to a new and better understanding of the role of institutions for entrepreneurship, especially in the developing nations.
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