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Economics

Property Rights and Economic Growth in Developing Regions

Quick fact

Nobel laureate economist Hernando de Soto estimated that the value of extralegally held assets in developing countries amounts to over $9.3 trillion.

Why this is interesting

Imagine owning a house you can’t sell, use as collateral, or even prove you own. In many developing regions, this is reality for millions—and it may be holding back entire economies.