Praise for de Soto and Institute for Liberty and Democracy

“[The ILD] has a profound message not only for the Marxists but also for capitalists. Mr. de Soto’s revolution cuts several different ways.”
—Editorial,
Wall Street Journal

“[The ILD] knows why some nations work and others just want to.”
—Time

“The best way to understand Latin America’s problems and issues is to read The Other Path. It is a new book which is sweeping Latin America.”
—Bill Bradley,
U.S. Senator

“[The ILD’s] prescription offers a clear and promising alternative to economic stagnation in Latin America and other parts of the world.”
—George Bush,
Former President of the United States announcing NAFTA

“[The ILD’s] ideas on economic citizenship and the essential link between economic and political freedoms within democratic communities hold great promise for development in Latin America.”
—Bill Clinton,
Former President of the United States

“[The ILD’s work is] the most powerful statement of how the government punishes the poor and prevents them from going into business … every lesson applies to the United States.”
—Newt Gingrich,
Former Speaker, U.S. House of Representatives

“[The ILD’s work] should be required reading for all American policy-makers dealing with Latin America and the Third World in general.”
—Richard Nixon,
Former President of the United States

“A very important contribution to the problems of developing countries.”
—Javier Pérez de Cuéllar,
Former Secretary General of the United Nations

“De Soto and his colleagues have examined the only ladder for upward mobility … the other path to development and the one true path. It is the people’s path … it leads somewhere. It works.”
—Ronald Reagan,
Former President of the United States

“The tenth anniversary of the publication of The Other Path should be celebrated for various reasons: 1) Because de Soto was dead-on in his diagnosis; 2) because he substantially modified Peruvian policy-making; 3) because he never feared to confront the political and mercantilist elites who never stopped trying to topple him; 4) because he warned us ahead of time of the dangers of authoritarianism … 5) because in practice he made the reinsertion of Peru into the global economy and the community of nations possible.”
—Alberto Bustamante Belaúnde,
Prime Minister of Peru 1999–2000

“[The ILD’s] pursuit is a major work, one destined to change the way the world understands wealth and poverty. Beyond Keynes, beyond Marx, it gets to the heart of the economic paradox of spreading poverty in an increasingly rich world.”
—Forbes

“For all the criticism, [the ILD] has set imaginations aflame … and has moved beyond research and writing into advocating reform that will help illegal workers, homeowners, and entrepreneurs.”
—Fortune

“A new light on the Third World.”
—Le Monde

“Realistic solutions to narrow the vast gap between elites and the Indian majority.”
—Editorial,
New York Times

Destination: First World

“Top-down guidance not only is subject to getting little things wrong in a big way, but it can also miss the most improtant actor in economic growth: the ground-level entrepreneur. This may be where the academics still have the most to learn. A good teacher is Hernando de Soto, the Peruvian who seeks to better the poor by recognizing property rights – giving life to the “dead capital” that they carry in their untitled posessions. De Soto has been cited before in these pages, and he’s just been given the biennial Milton Friedman Prize by the Cato Institute in Washington, an advocate for classical liberalism.”
—Tim Ferguson
Excerpted from “Destination: First World,” Forbes Global, May 10, 2004.