Pending foreclosures in the U.S. have exposed significant deficiencies in our system of land ownership. But in comparison to many other countries, our system is a model of efficiency. Hernando De Soto reports that 92% of Egyptians hold their real estate without legal title. Egypt’s underground economy, with 9.6 million workers, is larger than its legal private and public sectors (6.8 and 5.9 million workers, respectively). There are many project opportunities for Society members relating to cross-border, business law issues. Business law is a global social issue.
Egypt’s Economic Apartheid (2/3/11) (subscription required)