Informality makes breaking out of the cycle of poverty virtually impossible, says "Prosperity Unbound" author and Panel Group investment advisory firm Director Elena Panaritis. She has coined the phrase "unreal estate" to describe assets people own but are unable to borrow against.
Rahilla Zafar served as a Devex fellow in Washington, D.C., from April to July 2008 after returning from Afghanistan, where she worked for the International Organization for Migration and the NATO-led mission. Her writing has appeared in the Chicago Tribune, the Guardian and Knowledge@Wharton. Rahilla has a bachelor's in public policy from DePaul University and a master's in social policy and planning in developing countries from the London School of Economics.
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