The Other Path

Name: The Other Path
Brand: Hachette Aotearoa New Zealand
SKU: 9780465016105
Price: 39.99 NZD
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The Economic Answer to Terrorism

By Hernando De Soto

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3.89

( 423 ratings, 33 reviews)

Summary

The Other Path by Hernando De Soto examines the informal economy and bureaucratic obstacles faced by the poor in Peru. De Soto argues that the lack of formal property rights and legal recognition leaves many outside the official economic system, stifling innovation and growth. The book calls for reforms to integrate these informal sectors into the mainstream economy, highlighting the power of inclusive legal frameworks.
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Format: Paperback / softback

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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might enjoy this book if you're interested in how informal economies and property rights impact societal development. The author provides insight into the struggles faced by those outside the formal economy and explores how changing property laws can unleash entrepreneurial potential. If you're passionate about politics, economics, and real-world applications of these theories, this book is an engaging read.

The Other Path

A classic work on the economic answer to terrorism, by an acclaimed economist who has put his ideas into practice. "Brilliant. Original. A masterfully conceived book." --Hugh Thomas

Description

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 1980s and the Taliban today.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

The Other Path by Hernando De Soto is widely praised for its insightful analysis of the informal economy in Peru. Reviewers commend De Soto for highlighting the challenges faced by the poor due to excessive regulation and bureaucracy. The book is noted for its compelling argument that simplifying legal processes could significantly improve economic development. Critics generally appreciate the thorough research and real-world examples provided by the author.

Book Details

INFORMATION

ISBN: 9780465016105

Publisher: Basic Books

Format: Paperback / softback

Date Published: 05 September 2002

Country: United States

Imprint: Basic Books

Audience: Tertiary education, Professional and scholarly

DIMENSIONS

Spine width: 24.0mm

Width: 202.0mm

Height: 135.0mm

Weight: 334g

Pages: 352

Collections

Business & Entrepreneurship Hernando De Soto Non-Fiction Politics & Current Affairs

About the Author

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.