17-05-18

Focus on property rights for Global Award 2017

On Monday May 15 the 2017 Global Award for Entrepreneurship Research was awarded to Hernando de Soto, founder of the think-tank Institute of Liberty and Democracy (ILD), in Lima, Peru. In his prize lecture, he referred to a large parallel world of five billion people without property rights or evidence of who they are. These five billion are not part of social networks of trust, said de Soto when receiving the award from Minister of Finance Magdalena Andersson. He also showed his own passport and credit card as an illustration of how people in developed countries can easily travel and do business.