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The #1 bestseller in Latin America for the past year, this book describes underdeveloped countries of the Third World and how their internal economies and political alliances function. Photographs.

Tabla de contenidos provista por Syndetics

• Preface(p. xi)
• Part 1
• 1 Introduction(p. 3)
• Migration(p. 7)
• A Hostile Reception(p. 10)
• From Migrants to Informals(p. 11)
• 2 Informal Housing(p. 17)
• The Informal Acquisition of Property(p. 19)
• The Historical Evolution of Informal Housing(p. 33)
• The Long March toward Private Property(p. 55)
• 3 Informal Trade(p. 59)
• Types of Informal Trade(p. 62)
• The Historical Evolution of Informal Trade(p. 75)
• The March toward Markets(p. 91)
• 4 Informal Transport(p. 93)
• Types of Informal Transport(p. 94)
• The Historical Evolution of Informal Transport(p. 105)
• The Mystery of Cyclical Bankruptcies(p. 124)
• Part 2
• 5 The Costs and Importance of the Law(p. 131)
• The Costs of Formality(p. 132)
• The Costs of Access(p. 133)
• The Costs of Informality(p. 151)
• The National Economic Consequences of the Costs of Formality and Informality(p. 173)
• The Law as a Determinant of Development(p. 177)
• 6 The Redistributive Tradition(p. 189)
• 7 The Parallel with Mercantilism(p. 201)
• The Characteristics of Mercantilism(p. 201)
• Peru: A Mercantilist Country?(p. 208)
• The Decline of Mercantilism and the Emergence of Informals(p. 210)
• Collapse(p. 220)
• 8 Conclusion(p. 231)
• The Social Relevance of Legal Institutions(p. 231)
• Violence(p. 233)
• The Survival of Mercantilism(p. 235)
• Political Voluntarism(p. 237)
• Left- and Right-Wing Mercantilists(p. 239)
• The Promise of Human Capital(p. 242)
• An Agenda for Change(p. 244)
• Final Remarks(p. 255)
• Epilogue(p. 259)
• Appendix(p. 262)
• Index(p. 265)

Reseñas proporcionadas por Syndetics

Booklist Review

Peruvian researcher de Soto plots an interesting course for the economic future of Latin American countries-- and by extension for the whole Third World-- steering between colonial capitalist exploitation and Marxist-Leninist revolutionary models. What the author terms black- market businesses are informal, semilegal operations that operate just outside government control to satisfy demands for goods and services. De Soto sees these enterprises as the solution for the economic renewal and revitalization that government can't or hasn't supplied. Working in tandem with this economic transformation are political forces, which also aim for a new democratic spirit in the region. While de Soto's concept of entrepreneurship is presented with a great deal of conviction and enticement-- including a foreword by Mario Vargas Llosa, himself heavily involved in Peruvian politics-- history will be the true test of whether this is the cure for current economic underdevelopment and political paralysis. JB.

Notas de autor provistas por Syndetics

Hernando de Soto is President of the Institute for Liberty and Democracy, headquartered in Lima, Peru. A frequent advisor to heads of state worldwide, he was named one of the five leading Latin American innovators of the 20th century by Time Magazine