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Land and Business Formalization for Legal Empowerment of the Poor
Author (s):
USAID
Date:
January 2, 2007
Publication (if applicable):
N/A
Abstract (if Available):
The poor most often hold their land and operate their businesses informally. Because of this informality, they forego economic opportunities; formalization promises to help them grow their businesses, enjoy asset appreciation in formal property markets, and access credit more easily. Legal and policy reforms are critical to lowering the barriers posed by the complexities and costs of formal economy participation, and this paper deals with two key areas: formalization of land and formalization of businesses. Formalization is not a "silver bullet," and in spite of its promise, it is a complex endeavor with numerous pitfalls. There is fortunately a substantial body of experience in formalization program implementation, and it is possible to derive some lessons from it about strategies that work for the poor.
URL:
http://staging.bizclir.browsermedia.com/galleries/publications/Land%20and%20Business%20Formalization%20Strategic%20Overview.pdf
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