Bucharest, February 24, 2009
Center for analysis and institutional development (CADI-Eleutheria) announces the 2009 Edition of the index of International property rights (IPRI), which evaluates the 115 countries about the impact of the protection of the rights of ownership intellectual and physical well-being. The report shall be made by the Alliance for the rights of ownership (Property Rights Alliance-PRA) in Washington, d.c., through the Fellowship program "Hernando de Soto ', in partnership with 53 organizations on 6 continents. In Romania, ARUMUGAM is a partner in the project. PRA
The third edition of the positive link confirms IPRI exists between property rights and economic well-being of a country. To integrate the most important aspects related to the protection of property rights, the study takes into account three variables: legal and political environment (JP), physical property rights (DPF) and intellectual property rights (IPRs). Each country is judged on a scale from 0 to 10, where 10 represents the score awarded to the best measures of protection of property rights. Countries included in the study sums up 96% of the world gross domestic product. Research reveals that the States representing upper deck focuses an average GDP per capita of nine times higher than that of the countries situated on the last finishers, proving that the economic development is closely linked to respect for property rights.
As regards Romania, protection of property rights continue to remain a challenge. Despite the fact that our country has retained its relative position in the ranking (64th place, preceded by El-Salvador and Mali and succeeded by Mexico and Jamaica), her total score decreased from 5.0 in 2008 from 4.8 in 2009. This setback is mainly due to a reduction in the score variable DPF (proprietary rights), from 5.4 in 2008 to 3.0 in 2009, with the addition of variables decreases JP (legal and political environment) and IPRS (intellectual property rights). Following these developments, Romania ranks the last position report IPRI among European Union countries. The fact is all the more worrying as in times of economic crisis like the one in the present legislation in the field of private property should be favourable to economic development and to increase the attractiveness of the investment environment, and not adverse to them.
IPRI provides the public, researchers and policy makers from around the world as a tool for comparative analysis and future research regarding property rights globally. At the same time, the study tries to steer the underperforming countries to develop robust economies, focusing on improving the legislation in the field of property rights.
Detailed information, as well as analyses for each country, the list of partner organizations globally or report in its entirety can be found here.
