Elena Panaritis spent years convincing policymakers, development organizations, and local stakeholders in Peru that transformation of informal property rights is possible and that it carries sustainable economic, financial and social dividends. The actual reform application though took only three years and succeeded in bringing over 9 million Peruvians into the formal economy. She has worked in numerous countries identifying informality and developed the methodology “Reality Check Analysis” as a diagnostic tool that leads to the tailored solution of transforming informality to robust formal markets. She captures that experience in her book Prosperity Unbound: Building Property Markets with Trust (Palgrave Macmillan, 2007) and affirms her belief of triple-bottom-line model of social entrepreneurship as a catalyst for positive change.
Elena Panaritis has developed a property rights reform method revolutionizing policy application in economics. She successfully transformed informal property rights into vibrant, growing formal economic and social entities. She bases her work on rebuilding trust among all constituencies.