The Mystery Of Capital by Hernando de Soto
Why Capitalism Triumphs in the West and Fails Everywhere Else
This insightful book explores the reasons why capitalism thrives in the Western world but struggles in other regions. It argues that the key to unlocking economic potential lies in the formalization of property rights. By transforming "dead capital" into legally recognized assets, individuals in developing countries can access credit, invest, and grow their wealth. The book delves into the historical and legal frameworks that have allowed Western nations to capitalize on their assets, suggesting that similar systems could empower the poor globally, fostering economic growth and reducing poverty.
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- Published
- 2000
- Nationality
- Peruvian
- Length
- Medium
- Pages
- 276-288
- Original Language
- English
- Avg User Rating
-
(3.0)
- Alternate Titles
- None
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