Property In Hernando De Soto's The Mystery Of

Other commentators focus on particular aspects of culture as the engine of success. Hernando de Soto argues that the secret development lies in the structure of private property rights. In The Mystery of Capital, he says that the world's "poor" actually possess great wealth. The problem, he writes, is that this wealth is usually tied up in "dead capital" due to the legal and social customs in many developing countries.

For example, many people in Egypt, as in America, own their homes and the property that it sits on. But there is a difference between the American and Egyptian properties in their ability to help their respective owners raise capital for an economic activity like starting a business.

That's why in many countries the Property