Uses Lima, Peru, in a case study of creative and spontaneous responses to governments failing to meet populations' basic needs

The Other Path: The Invisible Revolution in the Third World (English and Spanish Edition)

Business & Money

De Soto, Hernando

Economics

Harpercollins

The Fight Against Terrorism is not military. In the long term it is also - perhaps even primarily - economic. How do we create economic and social conditions in third-world countries that will prevent terrorist organizations and ideas from taking root? How do we give ordinary people in these countries better alternatives than supporting drug lords or terrorists? In The Other Path, Hernando de Soto describes how he and his organization, the Institute for Liberty and Democracy, faced this problem in Peru in the 1980s - and how they solved it.

Soto, Hernando De

International

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.

The Other Path: The Economic Answer to Terrorism

Basic Books

"The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up the question that, more than any other, is central to one of the most crucial problems the world faces today: Why do some countries succeed at capitalism while others fail?In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly informal, extralegal ownership to a formal, unified legal property system, but in the West we've forgotten that creating this system is also what allowed people everywhere to leverage property into wealth. This persuasive book will revolutionize our understanding of capital and point the way to a major transformation of the world economy.

The Mystery Of Capital Why Capitalism Succeeds In The West And Fails Everywhere Else

The mystery of capital (Morgenthau memorial lecture on ethics & foreign policy)

Carnegie Council on Ethics and International Affairs

See the best price to sell, buy, or rent books by De Soto, Hernando. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by De Soto, Hernando

See the best price to sell, buy, or rent books by De Soto, Hernando. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

The Other Path: The Invisible Revolution in the Third World (English and Spanish Edition)

The Other Path: The Invisible Revolution in the Third World (English and Spanish Edition)

The Other Path: The Economic Answer to Terrorism

The Mystery Of Capital Why Capitalism Succeeds In The West And Fails Everywhere Else

The mystery of capital (Morgenthau memorial lecture on ethics & foreign policy)