The influential Peruvian development economist Hernando de Soto has ar

QUESTION

The influential Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism:

A. until they adopt communism.

B. until property rights are better defined and protected.

C. if they adopt free market economies.

D. until their governments monopolize all means of production in their countries.

E. if they encourage innovation and entrepreneurship.

ANSWER

B
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.