Hernando de Soto Polar

Hernando de Soto ( born June 2, 1941 in Arequipa, Peru) is a Peruvian economist and economic adviser. His theoretical development, ajar to liberalism approach is interdisciplinary. De Soto provides, in particular in the informal economy an obstacle to the development of underdeveloped countries and calls for greater institutionalization of property.

Life

De Soto is the son of a diplomat who served as head of the Registry of the former socialist president José Luis Bustamante. After the military coup in 1948 in Peru, the family emigrated to Europe. De Soto studied at the Geneva Graduate Institute of International Studies in Economics and Politics with a degree in both subjects. After working as an economist at the GATT 1968 to 1971 he was President of the 1971-1973 Executive Committee of the organization Copper Exporting Countries ( CIPEC ), before he joined in 1973 as director of the Swiss Bank Corporation Consultant Group.

In 1979 he returned to Peru, first as manager of a mining company. In the same year he was appointed Governor of the Central Bank of Peru. In 1980 he founded his consulting firm Instituto de Libertad y Democracia (ILD ), which is headquartered in Lima and began his work on the informal sector, which he titled El otro sendero 1986 ( a different path; German: market economy from the bottom) published. In it he asks the informal economy of Lima and their problems in economic development dar. addition to theoretical work, the Institute is especially concerned with it, to document the ownership of land and the shares of companies in the poorer population. Through this work and participation in administrative reforms succeeded in Peru more than a million jobs from the black market extract and integrate them into the formal economy.

In 1989, de Soto adviser to President Alan García Pérez and 1990 to 1992, economic policy adviser to President Alberto Fujimori, with which he broke after the coup. In 1996, he began his concept to transfer to other developing countries and a two-volume study on the informal sector in Egypt published in 1997. In addition, Vladimir Putin, in the meantime advise 29 heads of state of developing and emerging countries of him and his Instituto Libertad y Democracia en.

The Mystery of Capital

In 2000 he published the book The Mystery of Capital, the 2002 German under the title appeared freedom for capital. After specifying the conservative journalist David Frum, he wrote the book as a ghostwriter for de Soto. In the book, a concept is presented to formalize informal economic sectors:

  • The five secrets of capital The mystery of missing information
  • The mystery of capital
  • The secret of political consciousness
  • Neglected lessons of the history of the United States
  • The secret of the failure of legislative measures
  • The six property effects Determine economic potential
  • Integrating information into a system
  • Create accountability
  • Making assets fungible
  • Connecting people
  • Protect transactions
  • Blind spot: life outside the bell jar Extra large Legal sector
  • Migration to the cities
  • Growing extra legality
  • No possibility of using the abilities and the property
  • Competition with the system
  • Desire to integrate into the system
  • Blind Spot 2: Life outside the bell jar from yesterday Problem is known from history ( Zunft. ..)
  • Collapse of the old order unavoidable
  • European past, the present in the developing countries is very similar.
  • At the western world Document the situation and potential of the poor better
  • All people are able to save
  • Poor need legally integrated property systems
  • Mafia organizations are the result of migration in a world with a larger organizational scale
  • Arms are not the problem, but the solution
  • Construction of a property system is the political challenge
  • Strategies to overcome poverty Transform social contracts in law
  • Create integrated system
  • Extra Genuine hear right
  • Make his own perspective of the poor
  • Include elites

De Soto's work in theoretical and practical context

De Soto's development of theoretical approach is interdisciplinary, it contributes significantly to the re-evaluation of the concept of informality and is very close inspired by neoliberalism. It builds on ideas of the New Institutional Economics: institutions must participate in economic and social development by going to the informal market. De Soto's definition of the informal sector differs from those of other in that it uses only one criterion that the Nichtgesetzmäßigkeit of economic activity. De Soto sees the Latin American countries still in a mercantilist phase, which have already conquered the Western industrialized countries.

Works

  • De Soto, Hernando and Cheneval, Francis ( ed.): Realizing Property Rights. Swiss Human Rights Book Vol 1 Rüffer & Rub 2006, ISBN 978-3-907625-25-5
  • De Soto, H. The Mystery of Capital! Why capitalism does not work worldwide. Berlin: Rowohlt, 2002
Development theory Intergovernmental Council of Copper Exporting Countries Integrated Authority File
389306
de