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International - The Other Path: The Economic Answer to Terrorism

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.

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Discover the groundbreaking insights of Hernando De Soto in "The Other Path: The Economic Answer to Terrorism" as he unravels the intricate relationship between poverty and terrorism. Learn how legal barriers to property ownership and the lack of legal structures perpetuate underground economies, hindering economic growth. De Soto's work not only sheds light on the forces that drive people to the informal economy but also offers tangible solutions to shift towards a legitimate and prosperous market.

Dive into the world of Peruvian economics and the transformative impact of de Soto's Institute for Liberty and Democracy on the nation's economic landscape. Through the promotion of property rights and the formalization of assets, Peru witnessed a pivotal shift from the shadows of the informal economy towards a thriving legitimate market. Witness firsthand the power of legal structures in fostering economic growth and curbing the influence of terrorist groups like the Shining Path.

In his new preface, de Soto draws parallels between past and present, drawing a compelling connection between the defeat of the Shining Path in Peru and the ongoing fight against terrorism globally. Gain a deeper understanding of the economic roots of terrorism and explore solutions that can pave the way towards a more stable and prosperous future for nations worldwide.

Unlock the secrets to economic empowerment and counter-terrorism strategies with "The Other Path" now!

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