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Capitalism and Culture
Aired 4/14/2001

This week, Think Tank with Ben Wattenberg chats with the authors of two recent books about the problems of the developing world. While many countries have made considerable progress over the last few decades, economic growth rates in much of the Third World remain sluggish or negative. Hernando de Soto argues that the lack of established property rights systems is to blame. According to Lawrence Harrison, developing countries' problems are due to their culture, which fails to promote the values of education and entrepreneurialism. In capitalism's heyday, why does much of the developing world still struggle? And what can be done about it?
  Read the full transcript


  Hernando de Soto
    president, Institute for Liberty and Democracy in Lima, Peru, and author, "The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else"
  Lawrence Harrison
    Harvard Academy for International and Area Studies, and co-editor of "Culture Matters: How Values Shape Human Progress"

Originally Aired: 11/2/2000

   
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