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 Property Rights
 
IPRI 2011: Report Emphasizes Connection Between Property Rights and Economic Well-being
Liberty Institute, India Sunday, September 04, 2011

Press Release
Liberty Institute is proud to announce the release of the 2011 International Property Rights Index (IRPI), which measures the intellectual and physical property rights of 129 nations from around the world. The 2011 edition has sixty-seven international partner organizations, including Liberty Institute, along with the Property Rights Alliance in Washington, DC and its Hernando de Soto Fellowship program to produce the fifth annual IPRI. It ranks India at 55, with a score of 5.6, this is a marginal improvement from 5.5, last year, but still quite below the score of 6.1 five years ago.

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

New Delhi – Liberty Institute is proud to announce the release of the 2011 International Property Rights Index (IRPI), which measures the intellectual and physical property rights of 129 nations from around the world.  This year, sixty-seven international organizations, including Liberty Institute, partnered with the Property Rights Alliance in Washington, DC and its Hernando de Soto Fellowship program to produce the fifth annual IPRI. 

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

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

India's IPRI scores

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

Notes: Legal and Political Environment (LP),  Physical Property Rights (PPR), Intellectual Property Rights (IPR), International Property Rights Index (IPRI)

The International Property Rights Index will provide the public, researchers and policymakers, from across the globe, 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.

The International Property Rights Index 2011, has been published in India by Liberty Institute, with the support of the Friedrich Naumann Stiftung für die Freiheit in New Delhi, and with the cooperation of Academic Foundation.

Relationship between 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

Comparative Performance 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

Please write to us, if you would like a copy of the IPRI 2011.

Liberty Institute, 4/8 Sahyadri, Plot 5, Sector 12, Dwarka, New Delhi 110078. India. Tel: 011-28031309. Email: info@LibertyInstitute.org.in

This article was published in the Liberty Institute on Sunday, September 04, 2011.
Tags- Find more articles on - international property rights index | IPR | IPRI | IPRI 2011 | physical property rights | property rights | property rights alliance

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