The ILD, or the Institute for Liberty and Democracy, is a “non-profit organization based in Lima, Peru, the ILD is an internationally respected think tank that has emerged not just as an intellectual force in the field of development but also as an agent of change in the developing and post-Soviet world in the effort to move the assets of the poor from the extralegal economy into an inclusive market economy.” The ILD, whose president is the world renowned economist Hernando de Soto, has worked with different governments to implement economic programs for their countries. “At the core of the ILD vision is the concept of “extralegality” –that ordinary, mostly poor property owners and entrepreneurs remain marginalized as long as they are deprived of three legal institutions essential for the creation of wealth.” These three institutions include fungible property rights, organizational forms, identity devices. This organization is interesting because it effects the Latin American political and economic systems, and will hopefully one day bring about a positive change that will further develop that part of the world. http://ild.org.pe/en/whatisild