Should governments in countries with high informal sector reduce, replace or even remove regulations? What are the pros and cons of reducing monetary costs and barriers to doing business in these countries?

The following table shows the relationship between informality and ease of doing business score in Latin America:

Country	Informality (%)	Ease of Doing Business Score
Bolivia	77	51.0
Nicaragua	75	54.2
Guatemala	74	61.5
Honduras	71	55.9
Ecuador	65	57.5
Panama	43	66.5
Chile	39	72.0
Brasil	38	55.6
Costa Rica	36	69.3
Uruguay	24	61.0