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  • La historia de cómo Perú derrotó al terrorismo

    La historia de cómo Perú derrotó al terrorismo

    Como se menciona en el último artículo de Hernando de Soto, La Disyuntiva Colombiana: Los Terroristas o Sus Ciudadanos, aquí está la historia  de cómo el Perú venció al terrorismo. Descargar PDF. Read More

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    Hernando de Soto Peru  Institute for Liberty and Democracy For developing a new understanding of the institutions that underpin the informal economy as well as the role of property rights and entrepreneurship in converting the informal economy into the formal sector.   Read More

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  • Georgia to Store Real Estate Documents in Blockchain System with Bitfury Group and Hernando de Soto

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The ILD

The Institute for Liberty and Democracy (ILD), led by Peruvian economist Hernando de Soto, works with developing countries to implement property and business rights reforms that provide the legal tools and institutions required for citizens to participate in the formal national and global economy. ILD works toward a world in which all people have equal access to secure rights to their real property and business assets in order to pull themselves—and their countries—out of poverty.

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Introduction

By 2014, some thirty years after we began publishing our work and conducting reforms at home and abroad, we were under the impression that we had been quite successful in convincing most leaders in both developing and former Soviet Union nations on the importance of property rights for growth and peace. Around 40 Heads of State have called upon us, dozens have at least partially implemented our programs, and four international organizations have officially adopted our programs (e.g., Doing Business at the International Financial Corporation, Titling and Anti-corruption at the World Bank, Legal Empowerment for the Poor at the United Nations, and Opportunities for the Majority at the Inter-American Development Bank).

Despite all of this apparent success, we have been unable to break out of the ghetto that walls in “development economics” and as a result of this we have not been able to break into western-run mainstream economics where we can give it the attention, validation, and the funding required for us to be an indispensable ingredient to growth. Our main barrier is that Westerners generally take property rights and capital for granted and have not yet fully realized what it takes to develop these two institutions in countries where these are not available to the majority.

This Western indifference has serious consequences: It dampens the enthusiasm among the convinced, and stimulates active resistance among those who oppose property rights in developing and former Soviet countries. Despite finding conclusive evidence that proves badly designed property systems, which lead to a lack of credit and capital, are at the root of most conflicts, we cannot change the fact that the rich and powerful are not interested in changing the system that benefits them.

That is why beginning the second semester of 2014, we decided to focus on three specific research and advocacy programs that are not only good projects on their own but are also tailored to show Westerners that what underpins all successful political and economic systems in the world is the “hidden order” that property rights networks produce. These are illustrated in the following research and advocacy programs: the Blockchain, Bitcoin, and Property Rights Project, the Capital Project, and the MENA Growth and Victory Project.

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The ILD’s remedy is to help developing countries reform institutions to legally empower their poor majorities with the essential tools of prosperity: property rights, forms to organize businesses and mechanisms to expand their markets.

 

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Armed with the ILD’s three decades of experience, our researchers walk the streets of an extralegal economy detecting amidst the appearances of “anarchy” and “illegality” the common practices and norms that allow people to make transactions and protect their assets – much like the paleontologist who can detect a dinosaur fossil where the rest of us see just another pile of rocks.

 


With those new economic facts in hand, ILD recommends reforms that will merge these two parallel economies under a single rule of law. There are hundreds of “consulting” companies trying to help countries improve their business environments through titling, mapping or top-down solutions;only the ILD knows how to tailor bottom-up reforms that systematically bring extralegal assets into the economic mainstream – to boost growth and counter poverty, social unrest, populist attacks against “globalization,” and even terrorism.

 

Subcategories

Our Role in Peru's Transformation and Pacification
Property Paradigm
Contact Us
P.O. Box 18-1420  
postmaster@ild.org.pe
(511) 222-5566
www.ild.org.pe