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But unless done skilfully, these lead to evasion, corruption and rent-seeking.
Greece was already known to have severe, long-standing economic weaknesses: tax evasion, corruption, oligarchic habits, a failure to make products that other countries desired.
"Tax haven secrecy facilitates tax evasion, corruption and undermines the ability of governments to mobilise revenue to invest in lifesaving essential services.
David Cameron may be forced to water down his key aim at next week's G8 summit of world leaders - to open up the "secret" companies used to hide money laundering, tax evasion, corruption and terrorist activity.
But it is also important to note that improving our ability to track money flows is not only important for fighting terrorism, but also for cracking down on organized crime, tax evasion, corruption, money laundering and other crimes, and for recovering control over the informal economy.
A number of startups, including one by young women called Sigestes in Senegal, are engaged in digitising land records, which may sound banal until you realise that not knowing who owns what is a recipe for tax evasion, corruption and even violence.
In the last few months, Armando Rosimo had become a symbol of hope in the Philippines, a fearless government investigator leading a series of inquiries into the pervasive tax evasion, corruption and fraud by wealthy families and big businesses that have crippled this nation's finances for decades.
His government wants to clamp down on tax evasion, corruption and inefficiency in order to fund social spending and alleviate what it calls Greece's "humanitarian crisis".
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