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mand for affordable financial services. But, in theabsence of legal documents, it is very unlikelythat emphasis on legal identity would reduceexclusion. 52 Accordingly, the challenge to comprehensivelyaddress the inter-related componentsof the continuum from the informal to the formalend of the economy is not technological; it is instructuring institutions, capacities, incentivesand regulations to provide certainty to economicexchange and therefore to equitable economicgrowth. 53issues highlighted in this section, which also providedan overview of informal economies aroundthe globe. The next section on legal identity andbusiness rights discusses, among other issues,the need for an effective enabling environment,regulatory regime, commercial law and good economicgovernance that is required for businessto operate with equitable economic rights andwith guarantees of greater accountability in thegovernment’s ability to issue laws with the capacityto implement and enforce them.Economic growth draws upon activities that arecomplex, fluid and geographically dispersed. Theyrequire an elaborate and ever evolving division oflabour ranging from owners of formal and informalenterprises, producers, managers, and theiremployees, who are an integral component of thevalue chain. Such a large-scale division of labourrequires state-like institutions for public enforcementof laws and contracts 54 and for its efficientsustainability. Although the government takes thelead in creating regulations, it is important to engageother stakeholders, including the poor peopleas economic actors, as well as NGOs, localpublic governance structures, and informal labourassociations. This would ensure ownership by allrelevant actors and create inexpensive approachesto enforce compliance with the regulations. Itis the inclusive partnerships and a shared agendabetween small and large firms, governments at alllevels, civil society and the development agenciesthat will unlock new opportunities. 55To Sum UpIncreasing poverty is a key reason for growth ofthe informal economy and a main cause of theblossoming of informal enterprises strugglingto overcome legal and institutional hurdles thatmake it difficult prevent for businesses to becomeor stay formal. These are some of the broad219