2013 International Property Rights Index Released

[Barun Mitra]

2013 International Property Rights Index Released
China and India ranked at 58, out of 131 countries

2013 International Property Rights Index ranks 131 nations, 98 percent
of world GDP and 93
percent of world population

Sept 2013 — The Property Rights Alliance (PRA) has released the 2013
International Property Rights Index (IPRI), which measures the
intellectual and physical property rights of 131 nations from around
the world.

Finland retained its rank at the top, with a score of 8.6, followed by
New Zealand and Sweden. Singapore at 7, was the top ranked country
from Asia, although its rank had slipped from 3 in 2012, when it had
tied with Norway. Bangladesh is ranked at 126, Burundi, Haiti, Libya,
and Venezuela at 127, and Republic of Yemen at 131, bring up the rear.

India is ranked at 58, in 2013, along with China, with a score of 5.5,
which is a step below Brazil (ranked 56, with a score of 5.6) among
the 131 countries assessed. Compared to 2012 Index, India's rank has
improved 4 places, with a score of 5.4. In the inaugural edition of
this index in 2007, India's rank was higher at 33, with a score of
5.2, when China was ranked at 45, with a score of 4.4, among the 70
countries assessed that year.

* The Index provides an important source of information for
policymakers and business communities who want to understand how the
three core components of property rights systems (Legal and Political
Environment; Physical Property Rights; Intellectual Property Rights)
are protected or affected in the world:

* The IPRI emphasizes the great economic differences between countries
with strong property rights and those without. Nations in top quintile
such as Finland, Australia, and the United States enjoy an average
national GDP per capita of $38,288 while nations in the second
quintile, such as Ireland, Chile, and Malaysia have an average GDP per
capita of $26,680. The third, fourth,
and fifth quintile averages are $15,693, $5,141, and $5,545 respectively.

* This year the Index also presents four case studies on the status of
property rights in four countries: Tunisia, Venezuela, China, and
Thailand. The case study on Tunisia and the Arab Spring represents
research conducted by Hernando de Soto's team and explains why the
lack of a fair property rights system represents one of the main
reasons behind the uprising of the Arab Spring.

* The United States marked a slight improvement in its annual ranking,
from the 18th position in 2012 to a current rank of 17th, with a score
of 7.6 out of 10.0. According to the report, the most significant
improvement is seen in the Legal and Political Environment (LP)
component, increasing 0.1 points to a score of 7.6. The United States'
highest score was in Intellectual Property Rights (IPR) with a score
of 8.6.

"The IPRI highlights the key role played by property rights not only
in keeping an economic system fair and transparent but also in
representing the backbone of any free market economy," said Lorenzo
Montanan, Executive Director of the Property Rights Alliance. "The
four case studies presented in this report highlighted how different
countries such as Tunisia, Venezuela, China and Thailand have been
affected by lack of a fair and transparent property rights system.
Counterfeit and pirated products and insufficient land registration
are the most common problems affecting the economies of developing
countries."

This year, 74 international organizations, including Liberty Institute
in New Delhi, partnered with the PRA in Washington, DC and its
Hernando de Soto Fellowship program to produce the seventh annual
IPRI. The study was authored by PhD Candidate Francesco De Lorenzo,
who served as this year's Hernando de Soto Fellow.

Published annually since 2007, the IPRI was the first international
comparative study to measure the significance of both physical and
intellectual property rights and their protection for economic
well-being.

The International Property Rights Index will provide researchers and
policymakers around the world with a tool for comparative analysis and
future research on global property rights. The Index seeks to assist
underperforming countries to develop robust economies through an
emphasis on sound property law.

Contact: Lorenzo Montanani, Property Rights Alliance.
Email: lmont...@propertyrightsalliance.org
Phone: +1-202-785-0266 (USA)

For a copy of the executive summary and the full report (PDF), please write to
in...@libertyinstitute.org.in
or
in...@righttoproperty.org


Right to Property
Liberty Institute, New Delhi

www.InDefenceofLiberty.org
www.RighttoProperty.org

[Alex Chafuen]

Thanks for sharing. You have Lorenzo's surname name wrong, it is Montanari

Sent from my iPhone

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