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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.

27:59

Other segments from the episode on February 7, 1989

Fresh Air with Terry Gross, February 7, 1989: Interview with Hernando de Soto; Commentary on rock bands from the Pacific northwest; Interview with Lawrence Levine; Review of V.S. Naipal's memoir "A…

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