Tuesday, March 24, 2009

Interesting study: International Property Rights Index

Star Parker recently referenced the International Property Rights Index. The IPRI web site explains the study:

The 2009 International Property Rights Index (IPRI) is an international comparative study that measures the significance of both physical and intellectual property rights and their protection for economic well-being. In order to incorporate and grasp the important aspects related to property rights protection, the Index focuses on three areas: Legal and Political Environment (LP), Physical Property Rights (PPR), and Intellectual Property Rights (IPR). The current study analyzes data for 115 countries around the globe, representing ninety-six percent of world GDP. Of great importance, the 2009 gauge incorporates data of PR protection from various sources, often directly obtained from expert surveys within the evaluated countries.

One of the things I found interesting is the United States is ranked 15 out of the 115 nations.

Another interesting thing is on page 31 of the report which shows a strong correlation between strong property rights and increased Gross National Product per Capita.

Technorati tags: government, property rights


Larry Clemons said...

Thanks for a great blog! I am a member of HSLDA and have kept abreast of some of the legal challenges to homeschooling over the last few years. I will be adding this blog to my weekly must read list.

Thanks again!

Sebastian said...

I remember listening to a presentation on CSPAN books by a gentleman with a lot of experience dealing with Russia. He made the observation that elections were not the be all and end all of a democracy. He held that a functional court system, especially one that defended the rights of property was also an essential element.

Henry Cate said...

Thanks Larry for the kind words. I hope you will contribute to the Carnival of Homeschooling.

Sebastian, I found Lawrence E. Harrison's book Underdevelopment Is a State of Mind, Updated Edition: The Latin American Case a fascinating discussion on what much of Latin America is poor. He also makes the case that democracy is not enough.