skip to main content

Markets Without Borders: Globalization And The Rule Of Law

17 minutes

Videos are generally available for preview to non-members as short clips. Limited full-length titles are also available. Log In to view the full length title.

Browse Full-length Non-member Titles

What accounts for the difference between economic activity in the United States and in the developing world? Economist Hernando de Soto explores the concepts of capitalism and globalization in Tanzania and Peru, where most businesses operate outside the legal system. The spirit of entrepreneurship is not unique to the Western world, nor is the concept of property. However, globalization involves an abstract system of property rights that allows people to deal in symbols. De Soto shows that in large parts of developing countries, these institutions do not exist. As people flood to the big cities looking to participate in globalization, he argues, governments need to find ways to give them access to the rule of law and property rights.

Media Details

Runtime: 17 minutes

56 minutes
Grade Level: 10 - 12
14 minutes
Grade Level: 7 - 12
16 minutes
Grade Level: 7 - 12
17 minutes
Grade Level: 9 - 12
BizKid$
Season 2 / Ep 8
28 minutes
Grade Level: 5 - 10
BizKid$
Season 4 / Ep 8
28 minutes
Grade Level: 5 - 10
Economics U$A
Episode 4
29 minutes
Grade Level: 11 - 12
25 minutes
Grade Level: 7 - 12
14 minutes
Grade Level: 9 - 12
23 minutes
Grade Level: 6 - 9