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.
Rand Paul interview: ‘[Hernando] de Soto had an article in The Wall Street Journal… [where] he talked about the experience in Peru, where they did build up their military presence, they did recruit citizens to be involved in it, but they also recognized that the recruitment to the Shining Path [terrorist group] was often one where people were outside the economy because of government obstruction.’