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:

Human Resources

The department within an organization that deals with the management, administration, and training of its employees.

Merger or Acquisition

The process by which companies combine (merger) or one company purchases another (acquisition) to expand their operations or market share.

Outsourced Function

A task or operation that is performed by external parties rather than by in-house staff.

In-house

Referring to activities or operations that are carried out within an organization by its own members or resources, rather than being outsourced.