The Peruvian development economist Hernando de Soto has argued that mu

QUESTION

The Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism until they relax the property rights offered by their legal systems.

Indicate whether the statement is true or false.

ANSWER

FALSE
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 property rights are better defined and protected.