Without private property and competitive capital markets, transparency, and a genuinely free pricing system foe goods and services, economic efficiencies are illusory.

CENTERFORSECURITYPOLICY: Letter from Sens. Symms and Mack to President Bush

As De Soto has said, one of the biggest political challenges facing developing countries is to bring the assets of the extralegal sector into a more inclusive legal property system in which they can become more productive and generate capital for their owners.

FORBES: Making Business Work for the Poor

While there are many structural inhibitors the educational system, government control, the protection of intellectual property rights, capital to the development of creative companies in China today, most, if not all, of these inhibitors will diminish over time.

FORBES: Innovation and IPR in China: Part I