The 2017 Global Award for Entrepreneurship Research goes to Hernando de Soto

  • De Soto 1

    De Soto and Ambassador of Sweden Anna Ferry Foto: Per Portén

The Global Award for Entrepreneurship Research is the most prominent international award in entrepreneurship research with a price sum of EUR 100,000. 

De Soto’s analyses have had tremendous influence on policy throughout the world and were a main source of inspiration for the World Bank’s Doing Business program.

His contributions have:

  • Led to a new and better understanding of the role of institutions for entrepreneurship, especially in developing countries.
  • Influenced policy worldwide, both in terms of conceptual understanding and practical policy measures.
  • Paved new ways to assess and measure how difficult it is for people to enter the formal sectors. 
  • Shown that the main problem in many developing countries is not capital per se but lack of property rights.

The Ambassador of Sweden to Peru, Mrs. Anna Ferry, congratulated Mr. Hernando de
Soto in his home on the news. – “It is an honor for me to congratulate Mr. Hernando
de Soto on winning the prize.  His contributions have had a large impact on policy formulation for improving people’s living conditions and livelihoods. I am certain that the current work of Mr. Hernando de Soto and the Institute for Liberty and Democracy (ILD) will continue to make a difference. I am also very happy that the prize goes to a Peruvian national this year.”

The award ceremony will take place in Stockholm, Sweden on May 15th, 2017.  For further information please visit or contact Ms. Pernilla Norlin