Harperoman’s Weblog

As previously described in our last post the ILD, or Institute for Liberty and Democracy, is a non profit organization responsible for developing assets of the poor from the extralegal economy to the inclusive market economy. The overall function of the ILD is to travel to and observe the poor nations of our world and analyze the economy’s malfunctions and how the people interact within this economy. Though the organization is based in Lima, Peru, it is responsible for the development of numerous poor nations’ economies over the course of 25 years. Hernando de Soto, the President of the ILD, is a world renowned economist who has worked with many different governments to implement beneficial economic programs in those countries. In relation to the International System, the ILD functions as a major contributor to the economy of many poorer countries including those in Latin America. The affect of the ILD on the world is extremely positive and will hopefully expand into many other parts of the world to improve the political and economic issues that exist everywhere today.

The ILD, as mentioned in our previous post, is a non profit organization based in Lima, Peru. This organization is an example of an NGO that plays a major part in the economic and political sphere of Latin America. This think tank has emerged as an organization to spur development in the Latin American economy. Many different countries in Latin America run on a black market economy, and the ILD has designed programs and systems to help change this extralegal economy into a free market economy. Many legal systems such as the Peruvian Government exclude ordinary citizens from participating in a legal market. Because of backwards laws, fees, and processes, the Peruvian people are forced to set up makeshift shops and houses and fend for themselves. The ILD would be seen by the liberal theory of international relations as a positive player in the international scene. The theory of liberalism not only allows states to play a role in the international but also NGO’s, IGO’s and other actors. NGO’s are inextricably linked to liberalism because they place power in the individual and organization on a community level rather than a political level. For example, movements which often serve social purposes in a non traditional way coincide with ideas of individual liberty, and the ILD through implementation of economic reforms, experiments, and analysis, have come to uphold the idea of individual liberty as any liberalist would.