Marginalization makes people’s life inconsequential. This is a fact, that touches over 70% of the globe. We name it informality or marginalization or even poverty. It knows no geographical borders, it has started a while back to cross over the “well off” west! The US, the EU, and even the small country of Greece! What holds together formality is institutions[1] (i.e. formal agreements). The role of formal institutions is to keep up the trust in a society thus protect social order, and consolidate stability in a society. When however, institutions can’t be effective, trust fades and informality shows up. Non- secure property rights of ownership or rent, non-secure savings, for lower and middle classes are elements that cultivate an environment without opportunities: Business opportunities, economic growth opportunities, wealth creation opportunities.

The objective must be clear: Transform informality so as to reach unbounded potential of a prosperous world!

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[1]Institutions are the natural dynamics of society. They are a set of rules, norms and traditions, some written and some not, some formal and some informal. Institutions “structure’’ incentives in human exchange, whether political, social or economic (<a href="http://www.prosperityunbound.com/book">http://www.prosperityunbound.com/book</a>)

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