Question: Hernando de Soto a Bolivian economist argues that property rights

Hernando de Soto (a Bolivian economist) argues that property rights are even more important in the developing world than in rich nations. What is his argument? How could the absence of well-defined property rights affect economic development? What might the absence of well-defined property rights mean for illegal immigration? DeSoto has argued that the LDCs fail to grow primarily because of a lack of private property rights. How does that analysis apply to the Native American?

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