This was a theory of Hernando De Soto in the 90's. He produced quite a bit of research / statistics on the subject, doing surveys over 100 countries. If you wan

This was a theory of Hernando De Soto in the 90's. He produced quite a bit of research / statistics on the subject, doing surveys over 100 countries. If you want to read about him, there is this article [1] I remember watching a documentary where they reproduced his experiment. Essentially, send a team of students in each country on a mission : create a company. I've done it in the UK, it's one day and 70 pounds. In the documentary they showed the complexities for just the administrative act of "creating a company" in (I believe) Argentina. It took them 3 months. [1] https://www.investors.com/news/management/leaders-and-success/hernando-de-soto-revolutionized-world-thinking-poverty/ https://www.investors.com/news/management/leaders-and-succes...