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 Property Rights
 
Report Emphasizes Connection Between Property Rights and Economic Well-being
Liberty Institute, India Friday, August 12, 2011

Press Release
2011 International Property Rights Index ranks 129 nations, 97 percent of world’s GDP. India improves marginally.

 

Liberty institute

“Where the mind is without fear…”

www.InternationalPropertyRightsIndex.org

www.InDefenceofLiberty.org

12 August 2011

Contact: +91-9810416662

 

Report Emphasizes Connection Between PropertyRights and Economic Well-being

2011 International Property Rights Index ranks 129 nations, 97 percentof world’s GDP. Indiaimproves marginally.

 

New Delhi – Liberty Institute is proud to announcethe release of the 2011 International Property Rights Index (IRPI), whichmeasures the intellectual and physical property rights of 129 nations fromaround the world.  This year, sixty-seveninternational organizations, including Liberty Institute, partnered with the PropertyRights Alliance in Washington, DC and its Hernando de Soto Fellowshipprogram to produce the fifth annual IPRI. 

 

The IPRI uses three primary areasof property rights to create a composite score: Legal and Political Environment (LP), Physical Property Rights (PPR),and Intellectual Property Rights (IPR).  Mostimportantly, the IPRI emphasizes the great economic differences betweencountries with strong property rights and those without.  Nations falling in the first quintile enjoy anaverage national GDP per capita of $38,350; more than double that of the secondquintile with an average of $18,701.  Thethird, fourth, and fifth quintiles average $9,316, $5,065, and $4,785respectively.

 

Hon. Dr D. K. Rosaiah, formerChief Minister of Andhra Pradesh, will release the report in Hyderabad, on Aug 13, 2011.

 

With regard to India, propertyrights continue to be a challenge. Barun Mitra, Director of Liberty Institute,says “the growing pretests over abuse of eminent domain are a reflection of thewidening gulf between the population and political leadership on the legitimacyof land acquisition. Some of the largest investments are stuck because of thisdispute over land, which is affecting the economic climate in the country”. 2011IPRI ranks India at 55, with a score of 5.6, this is a marginal improvementfrom 5.5, last year, but still quite below the score of 6.1 five years ago.

 

The International Property RightsIndex will provide the public, researchers and policymakers, from across theglobe, with a tool for comparative analysis and future research on globalproperty rights. The Index seeks to assist underperforming countries to developrobust economies through an emphasis on sound property law.

 

The International Property RightsIndex 2011, has been published in India by Liberty Institute, withthe support of the Friedrich Naumann Stiftung für die Freiheit in New Delhi.

 

For more information, or to view the 2011 IPRI in itsentirety, please visit www.propertyrightsalliance.org



India’s Performance Over Years: Changing scores on IPRI

Year

2007

2008

2009

2010

2011

LP

5.3

5.4

4.9

4.8

4.7

PPR

7.2

7.2

6.8

6.6

6.8

IPR

5.7

5.7

5.4

5.3

5.5

IPRI

6.1

6.1

5.7

5.5

5.6

 

Legal and Political Environment (LP),

Physical Property Rights (PPR),

Intellectual Property Rights (IPR),

International Property Rights Index (IPRI)

 

Relationshipbetween IPRI score and GDP Per Capita

 

IPRI Quintile

GDP Per Capita

 

2010

2011

Top 20 Percent

$ 35,676

$38,350

2nd Quintile

$ 20,087

$18,701

3rd Quintile

$ 9,375

$9,316

4th Quintile

$ 4,699

$5,065

Bottom 20 Percent

$ 4,437

$4,785


 

 

ComparativePerformance of Select Asian Countries

 

Global Rank

Countries

LP

PPR

IPR

IPRI

 

 

2010

2011

2010

2011

2010

2011

2010

2011

125

Bangladesh

3.5

3.4

5.4

4.5

4.8

2.8

4.5

3.6

60

China

4.4

4.5

6.1

6.8

4.8

5.2

5.1

5.5

55

India

4.8

4.7

6.6

6.8

5.3

5.5

5.5

5.6

100

Nepal

3.1

3.2

5.5

5.8

3.5

4.1

4.0

4.4

113

Pakistan

2.5

2.8

5.8

6.0

3.3

3.6

3.9

4.1

77

Sri Lanka

4.0

4.5

6.0

6.1

3.9

4.4

4.6

5.0

16

Japan

7.4

7.6

7.1

7.0

8.3

8.2

7.6

7.6

38

South Korea

6.1

6.0

7.2

6.1

7.0

6.8

6.8

6.3

3

Singapore

8.5

8.3

8.3

8.3

7.9

8.3

8.2

8.3

77

Indonesia

3.7

4.2

5.5

6.7

3.2

4.0

4.1

5.0

87

Philippines

3.5

3.5

5.4

5.8

4.8

4.9

4.5

4.7

This article was published in the Liberty Institute on Friday, August 12, 2011.
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