Geophy

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Reading - Mystery of Capital

Teun van den Dries

Mystery of Capital by Peruvian Economist Hernando de Soto was originally published in 2000 but has not lost its relevance. Set out as an analysis of capitalism from a 'developing world' perspective, it identifies property (and specifcally property rights) as a primary driver for economic development.

In his study on economic development the certainty of title with all its accompanying access to utilities, insurance and mortgage capital is presented as a basic building block for development that is lacking in most locations. If you look at the amount of 'dead capital' locked up in assets around the world, the value is similar to about a 500 years of global aid flows from developed to developing countries.

As a data company working in this space and on this topic, that message resonates!

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