The Influential Peruvian Development Economist Hernando De Soto Has Argued

question 94

Multiple Choice

The influential Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism until they

• A) have political stability.
• B) invest in infrastructural development.
• C) have better defined and secure property rights.
• D) have adequate market regulation.

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Definitions:

Population Growth

The increase in the number of individuals in a population, often measured through rates of birth and immigration.

GDP PPP

Gross Domestic Product (GDP) measured in terms of the Purchasing Power Parity (PPP), which adjusts for price level differences across countries, providing a more accurate comparison of economic productivity and standards of living.

Infant Mortality

The rate at which babies under one year of age die, considered as an indicator of the health conditions of a population.

Demographic Data

Information related to the characteristics of populations, such as age, race, sex, income level, and employment, widely used in research and policy making.