Introduction to the 2016 IPRI by Property Rights Alliance Executive Director Lorenzo Montanari
The 2016 International Property Rights Index, now in its tenth edition provides an innovative, international comparative analysis using political and economic data from 128 countries. The IPRI emphasizes the large economic differences between countries with strong property rights and those without.
The 2016 IPRI draws attention to the necessity of property rights in creating a free market and driving economic growth, but we also recognize that property rights are first of all a matter of human rights. Property rights are directly related to the values and principles of individual liberty.
This Index will provide 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, and Intellectual Property Rights) are protected or affected around the world.
The PRA is committed to advocating for political, physical, and intellectual property. These are the key pillars for improving rule of law, governing democratically, and empowering every free economy in the world.
On behalf of the Property Rights Alliance, I would like to thank all of those who contributed to the development of the 2016 International Property Rights Index. My true appreciation goes to Dr. Sary Levy-Carciente (PhD), the 2016 Hernando de Soto Fellow and author of this year’s index, who has provided an outstanding update to this edition.
The IPRI defines development as a multidimensional concept embracing such dimensions as economic, political, social, cultural, technological and ecological spheres with an eye to the well-being of present and future generations. The IPRI analyzes the relationships of several different aspects of development through its individual components: Economic Outcomes; Human Capabilities; Social Capital, Research and Innovation, and Ecological Performance.
This edition of the IPRI includes six new case studies concerning property rights around the world. The six studies are titled:
- A Toolbox for Today’s Visionary Leaders: How to Transform Property Rights for a Robust Formal Economy by Dr. Elena Panaritis, Thought for Action
- Using Blockchain to Secure Honduran Land Titles by Jorge Constantino Collindres, Matt Regan, and Guillermo Pena Panting, Fundacion Eléutera, Honduras
- Intellectual Property Drives Biopharmaceutical Innovation in Emerging Markets by Philip Stevens, Geneva Network
- The Role in the Egyptian Economy of the Relationship between Land Ownership and the Informal and Private Sectors by Mahmoud Farouk and Adel Elhemaily, Egyptian Center for Public Policy Studies
- Property Rights and Deforestation in Indonesia by Hizkia Respatiadi, Center for Indonesian Policy Studies
- A Special Case Study on Religion & Property Rights: Property Rights from the Islamic Perspective, Dr. Maszlee Malik, Institute for Democracy and Economic Affairs and the Istanbul Network for Liberty
I would like to thank the authors for their contribution to this index as well as their efforts to promote property rights around the world.
Last but not least, I would like to express my deepest gratitude to Dr. Hernando de Soto for his longstanding and tireless efforts to promote and advocate for property rights around the world. The International Property Rights Index is possible thanks to his inspiring work that allows PRA to create this eponymous fellowship that made this publication possible.
Property Rights Alliance, USA