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Why capitalism triumphs in west and fails everywhere else

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Reference no: EM133166346

Referencing: Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else" by Hernando de Soto

Do you think moving from an extralegal economy characterized by "dead capital" to a legal economy with "live capital" has the potential to increase trade and reduce poverty?

If yes, why and what is required to make such a change successful? If no, why and what will prevent such a change from being successful?

Please include a stakeholder in your discussion.

Reference no: EM133166346

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