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Foreign Affairs committee  I would simply say that I'd like to not play hard to get. Actually, to go to any of the contracts we go to, whether we're in China or whether we're going to the Middle East, we have to go up north toward Canada, to New York, and turn right or left. It's just about another hour to

November 22nd, 2011Committee meeting

Hernando de Soto

Foreign Affairs committee  Very good, sir. Thank you for your interest. We're flattered.

November 22nd, 2011Committee meeting

Hernando de Soto

Foreign Affairs committee  But you see, again, it's a huge leap. It means understanding that over the last 150 years, westerners did a huge leap forward with the Industrial Revolution and the rule of law. You have to repeat that now, in the 21st century. It's not a technical issue; it's a political issue

November 22nd, 2011Committee meeting

Hernando de Soto

Foreign Affairs committee  As we speak, we are trying to determine how to deal with these problems in Peru. Indeed, we are grappling with some serious conflicts in our Amazon. The Peruvian Amazon makes up half of the country. Indeed, the Amazon begins with Peru. The crisis in the western world that caused

November 22nd, 2011Committee meeting

Hernando de Soto

Foreign Affairs committee  I think what you've said is really crucial because in our case we don't even talk about property rights: we talk about property and business rights. That's the way we've packaged it together to be understood. In other words, wherever we go and we're hired—we're a not-for-profit o

November 22nd, 2011Committee meeting

Hernando de Soto

Foreign Affairs committee  Thank you so much for asking me. Since you've asked for my druthers, I would say to put the pressure on, because until it is defined as to who owns what, you're always going to have wars. If you think about wars in developing countries, whether they be national wars or tribal wa

November 22nd, 2011Committee meeting

Hernando de Soto

Foreign Affairs committee  Thank you very much for your question. It's a very important question and I don't know if we have an answer, because we find it very hard to try to transpose ourselves from here in our ILD third-world conditions into what it must mean to be working on or being concerned about the

November 22nd, 2011Committee meeting

Hernando de Soto

Foreign Affairs committee  That's fine. I've looked at the notes that have been sent so far and see that it's a very broad agenda. Even though it's a broad agenda, it is hard for us to see how we fit, given our ongoing concerns. Let me explain to you. I'm here with two of my colleagues who have accompan

November 22nd, 2011Committee meeting

Hernando de Soto

Foreign Affairs committee  Yes, we do work on the gender issue. Originally when we drew up the Peruvian property system, which we began doing in the late 1980s.... We were assigned the task, by the way, by the Garcia government, and then we finished with the Fujimori government. One of the things we notice

November 22nd, 2011Committee meeting

Hernando de Soto

Foreign Affairs committee  Got it: it was less than 30%. So to us--we'd love to find other words for the words “property rights“, by the way, so we wouldn't fall into a Robert Reich versus Newt Gingrich kind of argument--property rights were, really simply, the right to control things and the right to con

November 22nd, 2011Committee meeting

Hernando de Soto

Foreign Affairs committee  Thank you very much, sir. I'm glad to be with you.

November 22nd, 2011Committee meeting

Hernando de Soto