The influential Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism until ____.
A) they have political stability
B) they invest in infrastructural development
C) they have better defined and secure property rights
D) they have adequate market regulation

Question

Quizplus · Accepted Answer

Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism until they have better defined and secure property rights. He believes that formalizing property rights will enable entrepreneurs to access credit, develop and sell their assets, and contribute to their local economies, ultimately leading to poverty reduction and economic growth.

The Influential Peruvian Development Economist Hernando De Soto Has Argued