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The Role of Private Property in Development

Hernando de Soto

October 5, 1992

Hernando de Soto

"The word 'privatization' doesn't work when you're talking about the private rights of poor people. In my country the terminology's all wrong. It is associated with oligarchy. It means the privileged few."

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The Privatization Project

From 1991-1994 the Carnegie Council initiated a major project to examine the global phenomenon of privatization. Council members and corporate leaders from the United States, Canada, Russia, Sweden, Eastern Europe, and South America participated in this enterprise. The Council distributed transcripts from the monthy seminars and conferences to over two thousand people in government, business, academe, labor, and the media.