Hernando De Soto

Hernando de Soto Polar (commonly known as simply Hernando de Soto /dəˈsoʊtoʊ/; born June 2, 1941) is a prominent Peruvian economist known for his work on the informal economy and on the importance of business and property rights.[1][2] His work on the developing world has earned him praise worldwide by numerous heads of state, particularly for his publication The Mystery of Capital and The Other Path. He is the current president of the Institute for Liberty and Democracy (ILD), a think tank devoted to promoting economic development in developing countries located in Lima, Peru.[3]

In Peru, de Soto's advisory has been recognized as inspiring the economic guidelines – including the loosening of economic regulation, the introduction of austerity measures and the utilization of neoliberal policies – that were ultimately adopted by the government of Alberto Fujimori and established in the 1993 Constitution of Peru.[4][5][6][7] The policies utilized by de Soto initially resulted with increased misery for poor Peruvians as de Soto's prescribed "Fujishock" caused increased prices and would provide little change to the poverty rate.[8] Eventually, the policies resulted in Peru becoming macro-economically stable following the period of price controls and increased regulation established during the Lost Decade.[8][9] De Soto would go on to support Alberto's daughter, Keiko Fujimori, serving as an advisor during her presidential campaigns.[7][10][11] De Soto worked closely with various Peruvian governments, even serving as a negotiator for the Peru-United States Free Trade Agreement. After years of speculation, de Soto ran for the Peruvian presidency in the 2021 presidential election, placing fourth in an atomized race of 18 nominees. https://en.wikipedia.org/wiki/Hernando_de_Soto_(economist)

Champion of creating Property Rights as the key to International Development

author, The Mystery Of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else ISBN:0465016146 - http://www.ild.org.pe/tmoc/cp1-en.htm

President of the Institute for Liberty and Democracy (ILD) headquartered in Lima, Peru

http://www.ild.org.pe/about-us/ild-president

http://www.cato.org/friedman-prize/hernando-desoto/biography

2006 interview

http://www.policylibrary.com/desoto/index.htm