Papers on "The Economic Philosophies of Hernando De Soto" and similar term paper topics

Paper #093778 :: The Economic Philosophies of Hernando De Soto
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An analysis of Hernando De Soto's "The Other Path" and "The Mystery of Capital".

Written in 2007; 6,697 words; 2 sources; MLA; $ 152.95

Paper Summary:

This paper analyzes Hernando De Soto's "The Other Path" (how to fight terrorism with economics) and "The Mystery of Capital (theories on why lesser developed countries remain poor and what they need for transformation). It attempts to show how the economic environment in third world and former communist countries have repeatedly failed to reorganize the structure of their legal systems to encourage sustained economic growth through capital formation. It also discusses how it is important to realize that such failure is not the result of poor decisions made by millions of poor and illiterate street bums, but rather, the ultimate result of an economic system that, itself, prevents substantial economic growth and higher living standards.

From the Paper:

"The second part of the book is devoted chiefly to describing the actual problems associated with and inherent to the Peruvian legal system. It is broken down into the costs and importance of the law, the redistributive tradition of Peru, and the Peruvian legal system's parallel with mercantilist policies. In regard to the costs and importance of the law, de Soto describes the costs associated with formality, including the costs of access to the formal system (access to industry, housing, trade, transport, and remaining formal). He then goes on to describe the costs associated with informality, including the costs of illegality (costs of avoiding penalties, net transfers, and evading taxes and labor laws), as well as the costs of the absence of good laws (costs of not having property rights, the inability to use the contract system, and the inefficiency of extracontractual law). "

Tags: LCDs Globalization Terrorism Economics lima third world

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