De Soto awarded for knowledge about property rights

16 May 2017

Hernando de Soto, founder of the think-tank Institute of Liberty and Democracy (ILD), in Lima, Peru, has been awarded the Global Award for Entrepreneurship Research 2017. "Five billion people are poor because they are not part of social networks of trust," said Soto when he received the award in Stockholm, Sweden. The award was presented by Minister for Finance Magdalena Andersson. During his prize lecture Mr. de Soto showed his passport and credit card to illustrate property rights; how people in developed countries can easily travel and do business, where people in poor countries are only trusted in smaller circles.

From left: Lars Backsell, Recipharm, Magnus Henrekson, IFN, Joakim Appelquist, Vinnova, Magdalena Andersson, Hernando de Soto and Tove Lifvendahl, Svenska Dagbladet.

After receiving the Global Award 2017 Hernando de Soto gave a prize lecture (starting at 13:40) at Konserthuset in Stockholm, Sweden.

Read the prize lecture

Magdalena Andersson, Minister for Finance, awarded Hernando de Soto the Global Award for Entrepreneurship Research 2017. Johan Eklund, Professor and CEO of Entreprenörskapsforum is seen to the left as well as children from Lilla Akademin that played music during the ceremony.

From left: Johan Eklund, Entreprenörskapsforum, Hernando de Soto and Magnus Henrekson, IFN. Mr. de Soto is holding a statuette, “The Hand of God” by the Swedish sculptor Carl Milles. The statuette is part of the award.

Published May 16