The mystery of capital: why capitalism triumphs in the West and fails everywhere else - by Hernando de Soto[Reading report] by Sylvia Marie d'Albertas

2009-10-16

The author was part of the “Alternative Management” third year program in HEC in 2008/2009.

Why does capitalism triumph in the West and fail everywhere else? That is the question that Hernando de Soto tries to answer in this book about the mystery of capital. With an analysis of the private property systems in developing countries and countries from de ex-communist bloc, the book shows that there is a huge amount of capital in those countries but that is a dead capital as the majority of the population lives as ‘extra-legals'.

Quote article  Sylvia Marie d'Albertas, « The mystery of capital: why capitalism triumphs in the West and fails everywhere else - by Hernando de Soto », 16 october 2009, Alternative Management Observatory (AMO), [Reading report]
http://appli6.hec.fr/amo/Articles/Entry/Item/98.sls

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