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On Sunday, April 11, , Peruvians took to the ballot to cast votes for the general election. Citizens, frustrated and eager for change, actively participated in the democratic process given the corruption scandals , the collapse of the economy , the assault on land rights for indigenous communities in biodiverse regions, and the overwhelmed health care system due to the COVID pandemic. All these positions are five-year terms. The first and second-place candidates, far-left union leader Pedro Castillo of Free Peru National Political Party and the former First Lady of Peru appointed as a daughter and congresswoman charged with corruption , Keiko Fujimori of Popular Force will undergo a run-off in June to determine the presidency. Even with the loss of the presidency, Hernando de Soto will remain an influential advocate for property and business rights, especially during the recovery process from the COVID pandemic. His demonstrated academic and professional accomplishments highlight his commitment to strengthening the economy as well as the legal and political environments in the face of unprecedented economic turmoil. Born in Arequipa, Peru, Hernando de Soto, President of the Institute for Liberty and Democracy ILD founded in and the nominee of the political party Go on Country — Social Integration Party is a champion of free markets and physical property rights, and business rights as a means for poverty alleviation especially for indigenous communities in the Amazonian regions. As a political appointee and economic advisor to the former President Alberto Fujimori, Mr. Hernando de Soto as a champion for property rights instituted a temporary land title initiative from to under the Fujimori administration which was later extended until This initiative established access for poorer communities to integrate themselves into the formal economy and increased credit market access by the registration of households and the granting of land titles. de soto mystery of capital De soto mystery of capital

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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. 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 Constitution of Peru. After years of speculation, de Soto ran for the Peruvian presidency in the presidential election , placing fourth in an atomized race of 18 nominees. Internationally, de Soto helped inspire the Washington Consensus macroeconomic prescriptions and was credited by economist John Williamson , who coined the consensus' name. Bush praising his promotion of free trade when announcing the North American agreement. De Soto was born on 2 June in Arequipa , Peru. His father worked for the International Labour Organization following their exile and would often send de Soto back to Peru during the summer months.

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