Description
Book Synopsis: 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.
Details
Discover the solution to ending poverty and terrorism with "The Other Path: The Economic Answer to Terrorism". In this groundbreaking book, acclaimed author Hernando De Soto reveals the hidden forces that keep people trapped in poverty and how these same forces contribute to the rise of terrorist organizations. Through his extensive research, De Soto uncovers the bureaucratic barriers and lack of legal structures that hinder property ownership and prevent the creation of wealth in developing nations.
With a focus on Peru's experience under the Fujimori government, De Soto's Institute for Liberty and Democracy successfully implemented laws to promote property rights and bring people out of the informal economy. The results were astonishing - not only was Peru's economy revitalized, but the dangerous terrorist movement, the Shining Path, was defeated. By recognizing and encouraging ownership of assets, individuals were empowered to leverage their properties to create more capital.
Now, in a new preface, De Soto draws parallels between the Shining Path in the 1980s and the ongoing threat of terrorism today, specifically the Taliban. By understanding the root causes of terrorism and addressing the economic factors that contribute to its growth, we can work towards a safer and more prosperous future for all.
Don't miss your chance to gain profound insights from "The Other Path: The Economic Answer to Terrorism". Take the first step towards understanding and solving the complex issues of poverty and terrorism. Grab your copy now and be part of the solution!
Click here to learn more and order "The Other Path: The Economic Answer to Terrorism".
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