Hernando de Soto
Economist, Founder and President of the Liberty and Democracy Institute
Hernando de Soto is a Peruvian economist, known for his work on the informal economy and the importance of business and property rights in economic development. He is the President of the Institute for Liberty and Democracy (ILD), located in Lima, Peru.
Between 1988 and 1995, de Soto and the ILD were responsible for some four hundred initiatives, laws, and regulations that changed Peru’s economic system. In particular, ILD designed the administrative reform of Peru’s property system, which has given titles to more than 1.2 million families and helped some 380,000 firms which previously operated in the black market to enter the formal economy by eliminating bureaucratic red-tape.
The Cato Institute and The Economist magazine have argued that de Soto’s policy prescriptions helped undermine the Shining Path guerrilla movement by granting titles to small coca farmers and depriving the terrorist movement of a safe haven, recruits and money. For his efforts, Shining Path tried to assassinate de Soto by bombing the ILD and machine-gunning his car.
De Soto has designed similar growth programmes in El Salvador, Haiti, Tanzania, and Egypt, and has gained favour with institutions such as the World Bank and the government of South Africa. He has also worked extensively as an economist, corporate executive and consultant across Europe.
Deputy Prime Minister of Portugal and Minister of Foreign Affairs (2011–2015). Advocate of economic diplomacy.
President of Costa Rica
Minister of Foreign Affairs and Cooperation of Spain. President of the European University Institute. President of the European Parliament (2004-2007)
Worldwide Marketing Director at Apple (2005-2009)
Marie Claire Latinoamerica, Editorial Director
Economist. Director of ESADE Centre for Economic Policy and Political Economy (ESADEpol)
Deputy Chairman of the International Panel on Climate Change and Nobel Peace Prize 2007. Chairman of the Munasinghe Institute for Development (MIND)