Hernando de Soto is a Peruvian economist known for his work on informal economies and property rights in developing countries.
He is the president of the Institute for Liberty and Democracy, a think tank based in Lima.
De Soto has advised several heads of state and is recognized for his efforts to empower the poor through legal reform and property rights.
His ideas have influenced policy discussions on economic development worldwide.
De Soto's other notable work includes "The Other Path," which examines Peru's informal economy.
He has received numerous awards and accolades for his contributions to economic thought and development strategies, particularly focusing on the importance of legal institutions in fostering economic growth.
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