Here's some more interesting facts that make you wonder what these people are thinking:
- In Lima, Peru, to legally establish a one-person garment workshop takes 289 days of bureaucratic toil, costing $1,231, 31 times the monthly minimum wage.
- In the Philippines, purchasing land can involve up to 168 steps, interacting with 53 public and private agencies, and take from 13 to 25 years.
- In Egypt, buying land can involve more than 77 procedures at 31 public and private agencies, and can take from 5 to 14 years.
- In Haiti, to buy land you need to jump over 111 bureaucratic hurdles, and
wait for at least 12 years.
"The more sophisticated a society and its economy becomes, the easier it is for its citizens to do what they need to do." - Gerry McGovern
(The above are just a few examples from Hernando De Soto's groundbreaking book,
The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else.)
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