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Hernando ˜deœ Soto

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27:59

The Economics of Peru's Informal Market

Hernando de Soto says that the inefficient and often corrupt bureaucratic system in Peru makes starting a legal business nearly impossible for most people. As a result, a robust, informal, and technically-illegal market has emerged. De Soto explores this phenomenon -- and similar cases throughout Latin America -- in his new book, The Other Path.

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