Above: De Soto's book The Other Path in ten different languages. Source: The Power of the Poor. Video by Hernando De Soto Polar, Free to Choose Network.
The other Path
In his book, The Other Path, Hernando de Soto caused a sensation in Peru and later in the West, by arguing for the first time that poor countries stayed poor not because of capitalism, but because they did not have a properly developed version of capitalism functioning in their country. He laid out a roadmap of how Third World countries can re-develop their systems and take another path to success for their working poor by following his "Other Path", strengthening property ownership. The book became a bestseller in Latin America and was translated into ten languages.
"It is now clear that the central problem is not whether formal institutions should or should not incorporate the informals for humanitarian reasons, but whether they will manage to do so in time to avoid the violent destruction of representative democracy [......] we might say that two uprisings are currently taking place which question the social relevance of the mercantilist state: a massive but peaceful one initiated by the informals and another isolated but bloody one initiated by subversive groups, particularly the Communist Party of Peru, called 'The Shining Path'."
- Hernando de Soto, The Other Path (p231)