第二，非正规经济。德索托的另一个重要贡献，是重新解释“非正规经济”。传统观点常把地下经济视为逃税、违法或缺乏公民意识的表现，但德索托指出，很多穷人并非不愿守法，而是制度成本过高。
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The nominations will be discussed by the current Board of Directors in a private meeting.
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The FTSE 100 is sailing ever higher on a big wave of enthusiasm for London listed stocks. The blue-chip index has opened at fresh record levels. It’s been on a breathtaking run upwards, accelerating its surge higher since the start of the year, rising by more than 9%. Momentum appears to be on its side with the psychologically important 11,000 mark now in its sights. Its mining constituents have been benefitting for demand for metals in particular, as signs indicate that a commodities super-cycle is underway, with huge demand for metals and minerals needed to power the green revolution and build AI infrastructure. Geopolitical tensions and rising debt levels are keeping demand for safe precious metals intact, while defence contractors continue to benefit from the big uplift in spending on military capabilities.