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 aroundthe world.
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
"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
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
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.