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Hernando de Soto

A world-renowned economist known for his work on the importance of property rights. Author of "The Mystery of Capital" and "The Other Path: The Economic Answer to Terrorism." He's the president of Peru's Institute for Liberty & Democracy.

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Hernando de Soto Biography

Beginning in his native Peru, de Soto has focused on a revolutionary concept that is having repercussions throughout the world's poor countries: the lack of formal property rights as the source of poverty in poor countries. His decades of pioneering work for presidents and in the streets on behalf of property rights for the poor have led to global acclaim and recognition.

In 1999 Time magazine chose de Soto as one of the five leading Latin American innovators of the century. Forbes magazine highlighted him as one of 15 innovators "who will re-invent your future." The New York Times Magazine wrote, "To the leaders of poor countries, de Soto's economic gospel is one of the most hopeful things they have heard in years." The Economist magazine identified his Institute for Liberty and Democracy as one of the top two think tanks in the world.

De Soto first came to attention in his native country. In 1979, after a successful career in business in Europe, a 38-year-old Hernando de Soto returned to a Peru plagued by poverty and years of military rule.

Having made enough money to retire, he decided to devote his life full-time to solving the riddle of development: Why are some countries rich and others poor? De Soto knew that Peruvians did not lack entrepreneurial energy. The bustling informal economy of Lima was testament to that. Nor did they lack assets, per se. From countryside to urban shantytown, ownership was governed by a system of informally evolved and acknowledged property rights.

But as de Soto explained in his 1986 book The Other Path, these de facto owners were locked out of the formal, legal economy—and that was the root of the problem. "They have houses but not titles; crops but not deeds; businesses but not statutes of incorporation."

In 1980 de Soto created the Institute for Liberty and Democracy. The more he and his fellow researchers at the ILD investigated, the more they realized that dealing with the Peruvian state to obtain legal recognition of one's assets was maddeningly difficult, if not impossible.

As an author and an activist, and later as adviser to President Alberto Fujimori in the early years of his administration, de Soto moved to bring his impoverished fellow countrymen out of the shadow economy and unlock their potential to build wealth, a process that continues today.

From his Peruvian roots, de Soto now can be seen traveling throughout the world, meeting with current and future heads of state. President Vicente Fox of Mexico sought out de Soto for help when he was the governor of the state of Guanajuato, and today de Soto is working with the Fox administration on property rights reform. Egyptian president Hosni Mubarak's son, Gamal, approached de Soto and today a property rights program is about to be implemented in Egypt. Both Philippine presidents Joseph Estrada and Gloria Arroyo have invited de Soto to help. The New York Times reports that African presidents are faxing him.

De Soto tells these heads of state that their poor citizens are lacking formal legal title to their property and are unable to use their assets as collateral. They cannot get bank loans to expand their businesses or improve their properties. He and his colleagues calculate the amount of "dead capital" in untitled assets held by the world's poor as "at least $9.3 trillion"—a sum that dwarfs the amount of foreign aid given to the developing world since 1945.

Hernando de Soto has truly revolutionized our understanding of the causes of wealth and poverty. While many scholars have pointed to and explained the importance of property rights to rising living standards, de Soto has asked the hard question of what it takes to get the state to recognize the property rights that function within the communities of the poor. Can they transform the mere physical "extralegal" control of assets into capital, a key to sustained economic development?

De Soto affirmed that they can attain legal status and developed a guide to the "capitalization process" for poor countries. In his activism and in his books The Other Path and The Mystery of Capital, Hernando de Soto has done much more than apply the lessons of economics to old problems; he has asked new questions and provided both new understanding and new hope for transforming poverty into wealth.

De Soto is popular not just in poor nations. He has received support and recognition from many influential Western political corners, ranging from left-liberal to conservative. Praise has come from former president Bill Clinton, former U.S. senator Bill Bradley, Nobel laureate Milton Friedman, and former British prime minister Margaret Thatcher. World Bank President James Wolfensohn took de Soto with him on a trip to Russia. He later met with President Vladimir Putin.

De Soto does not limit himself to the intellectual world. He can be seen tirelessly trudging through the impoverished streets and villages in Haiti, Peru, Egypt, and Bali, meeting with sharecroppers, black-market dealers, food stand owners, local entrepreneurs, and factory workers. His work with the ILD is pushing the governments of developing countries to simplify and streamline the process of granting property titles.

For his efforts, the Peruvian Marxist terror group Shining Path targeted him for assassination. The institute's offices were bombed. His car was machine-gunned. Today the Shining Path is moribund, but de Soto remains very much alive and a passionate advocate. Delivering formal property rights to the poor can bring them out of the sway of demagogues and into the extended order of the modern global economy. "Are we going to make [capitalism] inclusive and start breaking the monopoly of the left on the poor and showing that the system can be geared to them as well?" That's de Soto's challenge and his life's work.

Speaking Topics
  • Economist

Books
The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else

The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else

FAQs
  • HOW TO BOOK Hernando de Soto?

    Our booking agents have successfully helped clients around the world secure talent like Hernando de Soto for both live and virtual events for over 15 years. The team at All American Entertainment represents and listens to the needs of organizations and corporations seeking to hire keynote speakers, celebrities or entertainers for speaking engagements, personal appearances, product endorsements, or corporate entertainment. Fill out a booking request form for Hernando de Soto, or call our office at 1.800.698.2536 to discuss your upcoming event. One of our experienced agents will be happy to help you get pricing information and check availability for Hernando de Soto or any other celebrity of your choice.
  • HOW MUCH DOES IT COST TO BOOK Hernando de Soto?

    Booking fees for Hernando de Soto, or any other speakers and celebrities, are determined based on a number of factors and may change without notice. Pricing often varies between live and virtual events. Other factors that can affect speaker fees include the talent's schedule, market conditions, length of presentation, and the location of the event. The live and virtual event speaking fees listed on this website are intended to serve as a guideline only. In some cases, the actual quote may be above or below the stated range. For the most current fee to hire Hernando de Soto, please fill out the booking request form or call our office at 1.800.698.2536 to speak with an experienced booking agent.
  • WHO IS THE AGENT FOR Hernando de Soto?

    All American Entertainment has successfully secured celebrity talent like Hernando de Soto for clients worldwide for more than 15 years. As a full-service talent booking agency, we have access to virtually any speaker or celebrity in the world. Our agents are happy and able to submit an offer to the speaker or celebrity of your choice, letting you benefit from our reputation and long-standing relationships in the industry. Fill out the booking request form or call our office at 1.800.698.2536, and one of our agents will assist you to book Hernando de Soto for your next private or corporate function.
  • WHAT IS A FULL-SERVICE TALENT BOOKING AGENCY?

    All American Speakers is a "buyers agent" and exclusively represents talent buyers, meeting planners and event professionals, who are looking to secure celebrities and speakers for personal appearances, speaking engagements, corporate entertainment, public relations campaigns, commercials, or endorsements. We do not exclusively represent Hernando de Soto or claim ourselves as the exclusive booking agency, business manager, publicist, speakers bureau or management for Hernando de Soto or any other speaker or celebrity on this website. For more information on how we work and what makes us unique, please read the AAE Advantage.
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A world-renowned economist known for his work on the importance of property rights. Author of "The Mystery of Capital" and "The Other Path: The Economic Answer to Terrorism." He's the president of Peru's Institute for Liberty & Democracy.

Travels From:
Peru
Speaking Fee:

Hernando de Soto Biography

Beginning in his native Peru, de Soto has focused on a revolutionary concept that is having repercussions throughout the world's poor countries: the lack of formal property rights as the source of poverty in poor countries. His decades of pioneering work for presidents and in the streets on behalf of property rights for the poor have led to global acclaim and recognition.

In 1999 Time magazine chose de Soto as one of the five leading Latin American innovators of the century. Forbes magazine highlighted him as one of 15 innovators "who will re-invent your future." The New York Times Magazine wrote, "To the leaders of poor countries, de Soto's economic gospel is one of the most hopeful things they have heard in years." The Economist magazine identified his Institute for Liberty and Democracy as one of the top two think tanks in the world.

De Soto first came to attention in his native country. In 1979, after a successful career in business in Europe, a 38-year-old Hernando de Soto returned to a Peru plagued by poverty and years of military rule.

Having made enough money to retire, he decided to devote his life full-time to solving the riddle of development: Why are some countries rich and others poor? De Soto knew that Peruvians did not lack entrepreneurial energy. The bustling informal economy of Lima was testament to that. Nor did they lack assets, per se. From countryside to urban shantytown, ownership was governed by a system of informally evolved and acknowledged property rights.

But as de Soto explained in his 1986 book The Other Path, these de facto owners were locked out of the formal, legal economy—and that was the root of the problem. "They have houses but not titles; crops but not deeds; businesses but not statutes of incorporation."

In 1980 de Soto created the Institute for Liberty and Democracy. The more he and his fellow researchers at the ILD investigated, the more they realized that dealing with the Peruvian state to obtain legal recognition of one's assets was maddeningly difficult, if not impossible.

As an author and an activist, and later as adviser to President Alberto Fujimori in the early years of his administration, de Soto moved to bring his impoverished fellow countrymen out of the shadow economy and unlock their potential to build wealth, a process that continues today.

From his Peruvian roots, de Soto now can be seen traveling throughout the world, meeting with current and future heads of state. President Vicente Fox of Mexico sought out de Soto for help when he was the governor of the state of Guanajuato, and today de Soto is working with the Fox administration on property rights reform. Egyptian president Hosni Mubarak's son, Gamal, approached de Soto and today a property rights program is about to be implemented in Egypt. Both Philippine presidents Joseph Estrada and Gloria Arroyo have invited de Soto to help. The New York Times reports that African presidents are faxing him.

De Soto tells these heads of state that their poor citizens are lacking formal legal title to their property and are unable to use their assets as collateral. They cannot get bank loans to expand their businesses or improve their properties. He and his colleagues calculate the amount of "dead capital" in untitled assets held by the world's poor as "at least $9.3 trillion"—a sum that dwarfs the amount of foreign aid given to the developing world since 1945.

Hernando de Soto has truly revolutionized our understanding of the causes of wealth and poverty. While many scholars have pointed to and explained the importance of property rights to rising living standards, de Soto has asked the hard question of what it takes to get the state to recognize the property rights that function within the communities of the poor. Can they transform the mere physical "extralegal" control of assets into capital, a key to sustained economic development?

De Soto affirmed that they can attain legal status and developed a guide to the "capitalization process" for poor countries. In his activism and in his books The Other Path and The Mystery of Capital, Hernando de Soto has done much more than apply the lessons of economics to old problems; he has asked new questions and provided both new understanding and new hope for transforming poverty into wealth.

De Soto is popular not just in poor nations. He has received support and recognition from many influential Western political corners, ranging from left-liberal to conservative. Praise has come from former president Bill Clinton, former U.S. senator Bill Bradley, Nobel laureate Milton Friedman, and former British prime minister Margaret Thatcher. World Bank President James Wolfensohn took de Soto with him on a trip to Russia. He later met with President Vladimir Putin.

De Soto does not limit himself to the intellectual world. He can be seen tirelessly trudging through the impoverished streets and villages in Haiti, Peru, Egypt, and Bali, meeting with sharecroppers, black-market dealers, food stand owners, local entrepreneurs, and factory workers. His work with the ILD is pushing the governments of developing countries to simplify and streamline the process of granting property titles.

For his efforts, the Peruvian Marxist terror group Shining Path targeted him for assassination. The institute's offices were bombed. His car was machine-gunned. Today the Shining Path is moribund, but de Soto remains very much alive and a passionate advocate. Delivering formal property rights to the poor can bring them out of the sway of demagogues and into the extended order of the modern global economy. "Are we going to make [capitalism] inclusive and start breaking the monopoly of the left on the poor and showing that the system can be geared to them as well?" That's de Soto's challenge and his life's work.

Hernando de Soto Speaking Topics

  • Economist

Hernando de Soto Books

FAQs on booking Hernando de Soto

  • How to book Hernando de Soto?

    Our booking agents have successfully helped clients around the world secure talent like Hernando de Soto for both live and virtual events for over 20 years. The team at All American Entertainment represents and listens to the needs of organizations and corporations seeking to hire keynote speakers, celebrities or entertainers for speaking engagements, personal appearances, product endorsements, or corporate entertainment. Fill out a booking request form for Hernando de Soto, or call our office at 1.800.698.2536 to discuss your upcoming event. One of our experienced agents will be happy to help you get pricing information and check availability for Hernando de Soto or any other celebrity of your choice.
  • How much does it cost to book Hernando de Soto?

    Booking fees for Hernando de Soto, or any other speakers and celebrities, are determined based on a number of factors and may change without notice. Pricing often varies between live and virtual events. Other factors that can affect speaker fees include the talent's schedule, market conditions, length of presentation, and the location of the event. The live and virtual event speaking fees listed on this website are intended to serve as a guideline only. In some cases, the actual quote may be above or below the stated range. For the most current fee to hire Hernando de Soto, please fill out the booking request form or call our office at 1.800.698.2536 to speak with an experienced booking agent.
  • Who is the agent for Hernando de Soto?

    All American Entertainment has successfully secured celebrity talent like Hernando de Soto for clients worldwide for more than 20 years. As a full-service talent booking agency, we have access to virtually any speaker or celebrity in the world. Our agents are happy and able to submit an offer to the speaker or celebrity of your choice, letting you benefit from our reputation and long-standing relationships in the industry. Fill out the booking request form or call our office at 1.800.698.2536, and one of our agents will assist you to book Hernando de Soto for your next private or corporate function.
  • What is a full-service talent booking agency?

    All American Speakers is a "buyers agent" and exclusively represents talent buyers, meeting planners and event professionals, who are looking to secure celebrities and speakers for personal appearances, speaking engagements, corporate entertainment, public relations campaigns, commercials, or endorsements. We do not exclusively represent Hernando de Soto or claim ourselves as the exclusive booking agency, business manager, publicist, speakers bureau or management for Hernando de Soto or any other speaker or celebrity on this website. For more information on how we work and what makes us unique, please read the AAE Advantage.

Hernando de Soto is a keynote speaker and industry expert who speaks on a wide range of topics such as Economist. The estimated speaking fee range to book Hernando de Soto for your event is available upon request. Hernando de Soto generally travels from Peru and can be booked for (private) corporate events, personal appearances, keynote speeches, or other performances. Similar motivational celebrity speakers are Rye Barcott, Clive Crook, John Wood, Tim Pawlenty and Matthew Bishop. Contact All American Speakers for ratings, reviews, videos and information on scheduling Hernando de Soto for an upcoming live or virtual event.

Hernando de Soto Speaking Topics

  • Economist

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Speakers Similar to Hernando de Soto

This website is a resource for event professionals and strives to provide the most comprehensive catalog of thought leaders and industry experts to consider for speaking engagements. A listing or profile on this website does not imply an agency affiliation or endorsement by the talent.

All American Entertainment (AAE) exclusively represents the interests of talent buyers, and does not claim to be the agency or management for any speaker or artist on this site. AAE is a talent booking agency for paid events only. We do not handle requests for donation of time or media requests for interviews, and cannot provide celebrity contact information.

If you are the talent, and wish to request removal from this catalog or report an issue with your profile, please click here.

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