Every year the Property Right Alliance elaborates an index that evaluates the state of property rights thoughout the world. This year we were grateful to receive Lorenzo Montanari (Executive Director of the Property Rights Alliance) and Sary Levi Carciente (PhD in Economy, member of Venezuela’s National Academy of Economic Science, coordinator of CEDICE Libertad’s Public Spending Observatory and writer of the IPRI) who came to Buenos Aires to introduce the IPRI.
The yearly publication of the Property Rights Alliance provides a measurement and comparison of the strength of property rights protection in 127 countries around the world, covering 93% of world population and 98% of the world GDP. Looking at Physical Property Rights, Intellectual Property Rights, and the Legal and Political Environment, the Index grades each nation on a scale of 0 to 10, where 10 is the highest value and 0 the lowest.
The Property Rights Alliance firmly believes, as this index shows, that strong property rights protection goes hand-in-hand with prosperity and innovation. A well-defined, well-defended property rights system allows people to obtain the full value of their work, and thereby, the wealth in the market economy.
This year there was an overall improvement in all scores. New Zealand leads the world with an overall score of 8.63, while Yemen ranks the lowest. The lower-ranking nations tended to score worst in the Legal and Political Environment category, while the higher ranking nations tended to score best in the same category, indicating it is of particular importance.
YOU CAN ACCESS THE FULL REPORT HERE