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December 04, 2006
This year's Social and Economic Innovation Award goest to...
Max Oliva, Associate Director, Social Impact Management
Hernando de Soto has just won this year’s Economist Innovation Award.
As a founder and president of the Institute for Liberty and Democracy, Hernando de Soto has been working fully for the promotion of property rights and economic development. Bureaucracy and the lack of formal property rights are major causes of poverty in developing countries; red tape and the lack of legal title to property, preventing its use as collateral, make it hard for the poor to establish or expand business. De Soto’s property tilting scheme has helped more than 1,2 million families, having implemented similar reforms in El Salvador, Haiti, Tanzania and Egypt. He has championed the use of league tables to shame governments into cutting red tape.
We have followed De Soto's work this year through the blog, having learned and shared his view and that of his centre. He recently joined us in the Sumaq's Corporate Responsibility Congress; it's conversations as his that we should constantly engage in and be more aware of. Congratulations Mr. De Soto!
Learn more about Hernando de Soto
Listen to Mr. de Soto’s speech which recently took place at Clinton's Global Innitative.
Posted on 4 December 2006 in Development
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