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Obituary: Manuel Ayau, regional champion of free markets and rule of law

Thursday, August 19, 2010

“We believe in the rule of law and not of persons or groups of persons, be they a minority or a majority.” So said Guatemalan businessman Manuel Ayau when he inaugurated the Francisco Marroquín University in Guatemala in 1972.
The rule of influence – rather than rule of law – is widely considered a major obstacle in Latin America for entrepreneurs and small businesses, they complain.
Ayau, who has died at the age of 84, had an impact well beyond the university.
Original source: Latin Business Chronicle