▁and ▁Dem ocracy ▁( IL D ) ▁were ▁mainly ▁responsible ▁for ▁some ▁four ▁hundred ▁initi atives , ▁laws , ▁and ▁reg ulations ▁that ▁led ▁to ▁significant ▁changes ▁in ▁Peru ' s ▁economic ▁system . ▁ ▁In ▁particular , ▁I LD ▁designed ▁the ▁administrative ▁reform ▁of ▁Peru ' s ▁property ▁system ▁which ▁has ▁given ▁titles ▁to ▁an ▁estimated ▁ 1 . 2 ▁million ▁families ▁and ▁helped ▁some ▁ 3 8 0 , 0 0 0 ▁fir ms , ▁which ▁previously ▁operated ▁in ▁the ▁black ▁market , ▁to ▁enter ▁the ▁formal ▁economy . ▁This ▁latter ▁task ▁was ▁accomplished ▁through ▁the ▁elim ination ▁of ▁b ureau cr atic ▁" red - ta pe " ▁and ▁of ▁restrict ive ▁registration , ▁lic ens ing ▁and ▁permit ▁laws , ▁which ▁made ▁the ▁opening ▁of ▁new ▁business es ▁very ▁time - consum ing ▁and ▁cost ly . ▁ ▁University ▁of ▁Chicago ▁political ▁scient ist ▁Susan ▁C . ▁Sto kes ▁bel ieves ▁that ▁de ▁S oto ' s ▁influence ▁helped ▁change ▁the ▁policies ▁of ▁Alberto ▁F uj im ori ▁from ▁a ▁Ke yn esian ▁to ▁a ▁ne oli ber al ▁approach . ▁De ▁S oto ▁convinced ▁then - pres ident ▁F uj im ori ▁to ▁travel ▁to ▁New ▁York ▁City , ▁where ▁they ▁met ▁with ▁J avier ▁Pérez ▁de ▁Cu é ll ar , ▁Bar ber ▁Con able , ▁En rique ▁V . ▁Ig les ias ▁( the ▁heads ▁of ▁the ▁United ▁Nations , ▁the ▁International ▁Mon et ary ▁Fund , ▁and ▁the ▁Inter - American ▁Development ▁Bank ), ▁who