Managerial Economics 2nd Edition by William Boyes

Exercise 9

Hernando de Soto argues that property rights are even more important in the developing world than in rich nations. What is his argument? How could the absence of well-defined property rights affect economic development? What might the absence of well-defined property rights mean for illegal immigration? De Soto has argued that the less developed countries fail to grow primarily because of a lack of private property rights. How does that analysis apply to the Native American?