A Letter From Hernando De Soto (2024)

A Letter From Hernando De Soto (1)

A Letter From

Hernando de Soto

The past four years have seen an economic downturn across the globe. Because we are at risk of recession in many countries, better to say something like “to help move toward a stable recovery”, a reaffirmation of physical and intellectual property rights is key. That assertion of property rights is also now taking place. Thanks to Dr. Sary Levy-Carciente, Hernando de Soto, 2023 PRA

Read The Full Letter

A Letter From Hernando De Soto (2)

IPRI’s 2023 sample set represents 125 countries - 93% of the world population, and 98% of the world GDP.

A Letter From Hernando De Soto (3)

The Average Per Capita Income disparity between IPRI’s top quintile and bottom quintile countries is 19x.

IPRI’s 2023 sample set represents 125 countries - 93% of the world population, and 98% of the world GDP.

The Average Per Capita Income disparity between IPRI’s top quintile and bottom quintile countries is 19x.

Finland leads in the IPRI (8.1), LP (8.8), and PPR (8.4) scores. The USA is leading in the world in terms of protection of IPR (8.6).

Correlations with the International Property Rights Index reveal crucial relationships between property rights and thriving societies.

A Letter From Hernando De Soto (5)

The IPRI shows a very strong correlation with the Global Entrepreneurship Index (0.9) showing its crucial role in driving free enterprise.

A Letter From Hernando De Soto (6)

The IPRI shows an outstanding correlation of 0.89 with the Network Readiness Index, 0.81 with the Global Innovation Index, and 0.8 with The World Energy Trilemma Index, insisting on the appropriateness and relevance of property rights systems for emerging societies.

A Letter From Hernando De Soto (7)

The relevance of property rights and accountability is shown given the strongly negative correlation with the Atlas of Impunity (-0.87).

The IPRI shows a very strong correlation with the Global Entrepreneurship Index (0.9) showing its crucial role in driving free enterprise.

The IPRI shows an outstanding correlation of 0.89 with the Network Readiness Index, 0.81 with the Global Innovation Index, and 0.8 with The World Energy Trilemma Index, insisting on the appropriateness and relevance of property rights systems for emerging societies.

The relevance of property rights and accountability is shown given the strongly negative correlation with the Atlas of Impunity (-0.87).

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As an expert deeply entrenched in the realms of economic development, property rights, and global indices, I bring forth a wealth of knowledge to shed light on the significance of the letter from Hernando de Soto and the insights gleaned from the International Property Rights Index (IPRI) of 2023.

Firstly, it's imperative to recognize Hernando de Soto as a renowned economist and advocate for property rights. His influence on global economic policies, particularly in addressing economic downturns, is formidable. Now, let's delve into the evidence presented in the letter and the IPRI report:

  1. IPRI's Extensive Sample Set: The IPRI's 2023 sample set covers a staggering 125 countries, representing 93% of the world's population and a substantial 98% of the global GDP. This extensive coverage ensures a comprehensive understanding of the state of property rights on a global scale.

  2. Per Capita Income Disparity: A key highlight from the IPRI is the revelation that the average per capita income disparity between the top and bottom quintile countries is a staggering 19 times. This statistic underscores the economic inequality that exists globally, emphasizing the role of property rights in influencing economic outcomes.

  3. Leaders in IPRI Scores: Finland emerges as a leader in multiple categories with scores of 8.1, 8.8, and 8.4 in IPRI, LP (Legal and Political Environment), and PPR (Physical Property Rights) respectively. Meanwhile, the USA takes the lead in the protection of Intellectual Property Rights (IPR) with a score of 8.6. These scores reflect the varying degrees of protection and recognition of property rights across different aspects.

  4. Correlations with Global Indices: The IPRI demonstrates strong correlations with various global indices, showcasing the interconnectedness of property rights with thriving societies. Noteworthy correlations include 0.9 with the Global Entrepreneurship Index, 0.89 with the Network Readiness Index, 0.81 with the Global Innovation Index, and 0.8 with The World Energy Trilemma Index. These correlations highlight the pivotal role property rights play in driving free enterprise, innovation, and overall societal development.

  5. Relevance and Accountability: The negative correlation of -0.87 with the Atlas of Impunity underscores the importance of property rights in fostering accountability. This implies that strong property rights systems are associated with reduced impunity, indicating a positive impact on the rule of law and governance.

In conclusion, the letter from Hernando de Soto and the IPRI of 2023 provide compelling evidence for the critical role of property rights in shaping economic landscapes, fostering innovation, and contributing to the overall well-being of societies globally. The correlations with various indices emphasize the multifaceted impact of property rights, making a strong case for their recognition and protection in policy frameworks across the world.

A Letter From Hernando De Soto (2024)

FAQs

What did Hernando de Soto discover in 1541 responses? ›

This engraving depicts Hernando de Soto's discovery of the Mississippi River at a point below Natchez on May 8, 1541. De Soto (1500–1542) was the first European to document the river. The image shows him and his men approaching the river and a group of Native Americans camped there.

What are some notes about Hernando de Soto? ›

Hernando de Soto was a Spanish explorer who led an expedition into the southern United States. He and his soldiers were the first Europeans to set foot in what is now Arkansas. Four written accounts of the expedition provide details about his trek through the state.

What were Hernando de Soto results? ›

De Soto's expedition led the Spanish crown to reconsider Spain's attitude toward the colonies north of Mexico. He claimed large parts of North America for Spain. The Spanish concentrated their missions in the state of Florida and along the Pacific coast.

What impact did Hernando de Soto have on the world? ›

Hernando de Soto is famous in Latin American history as the Spanish conquistador who joined Francisco Pizarro in the invasion of the Inca Empire, but he is also a critical player in American history as the first European to discover the Mississippi River.

Who lived in China for 20 years? ›

Downey, a former C.I.A. agent who became the longest-serving American prisoner of war by surviving more than 20 years in Chinese prisons after he was shot down over Manchuria in 1952, died on Monday at a hospice in Branford, Conn. He was 84. His family announced the death.

What did Hernando de Soto do in 1539 1542? ›

The Spanish explorer Hernando de Soto (c. 1500-1542) landed on the west coast of Florida on 30 May 1539, hoping to find wealthy kingdoms to conquer and plunder. His crew journeyed for over four years in southeastern North America, savaging the local peoples, but ultimately returned home empty-handed.

Why did Hernando de Soto fail? ›

His expedition explored most of the Southeast following a much-debated route. It experienced problems with the Native Americans, spread devastating diseases, and failed to find treasure. De Soto died in 1542 during the course of the expedition, which Luis de Moscoso brought back to Mexico during 1543.

What was Hernando de Soto main goal? ›

Hernando de Soto's Expedition through the Southeast

His goal was to conquer and settle the territory of the Gulf States as well as find gold to enrich himself and his king.

Where was de Soto buried? ›

Before his death, he turned over his command to Luis de Moscoso Alvarado. Because he had told the Native Americans that he was an immortal sun god (as a trick to gain their submission without conflict), his men concealed his death and buried his body in the middle of the Mississippi River during the night.

Who first discovered Mississippi? ›

It shows Spanish conquistador and explorer Hernando De Soto (1500–1542), riding a white horse and dressed in Renaissance finery, arriving at the Mississippi River at a point below Natchez on May 8, 1541. De Soto was the first European documented to have seen the river.

What years did Hernando de Soto discover? ›

In May 1539, Governor Hernando de Soto landed in Florida with 620 men and 220 horses. By 1540, the conquistadors were making their way along the coast of Georgia, South and North Carolina, and into the Ridge and Valley Province of Tennessee, northwest Georgia, and north Alabama looking for gold.

When did Hernando de Soto first explore? ›

Exploration of southern North America

In April 1538 de Soto embarked from the port of Sanlúcar de Barrameda in command of 10 ships and 700 men. After a brief stop in Cuba, the expedition landed in May 1539 on the coast of Florida, at a point somewhere between present-day Tampa Bay and Charlotte Harbor.

Who discovered Florida? ›

Written records about life in Florida began with the arrival of the Spanish explorer and adventurer Juan Ponce de León in 1513. Sometime between April 2 and April 8, Ponce de León waded ashore on the northeast coast of Florida, possibly near present-day St. Augustine.

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