ILD Research indicates: Fully 65.0% of houses also exist outside of the formal market, lacking access to full legal title or other legal descriptions that enable housing to serve as a store of value and the basis of accumulating family wealth.
91.7% of enterprises are outside of the formal economy, lacking access to the legal protections and instruments that enable enterprises to productively use all of their assets.
The bad bureaucracy ratio is the amount of dead capital relative to per capita GDP. Dead capital represents wealth that could be in the hands of citizens but isn’t due to poor policies and procedures. Redesigning policies and procedures, the software of governance is one of the cheapest and easiest way to help people lift themselves out of poverty.