A global crisis caused by the surge of SARS-Cov2 collapsed economies and resulted in the deaths of millions. At the same time of unprecedented crisis, there was an opportunity for property rights to transform ideas into productive, innovative solutions. Property rights, now more than ever, are critical to recuperate the health of society while propelling innovation, economic prosperity, and freedom.
Institute of Nations Development Foundation, in partnership with the Property Rights Alliance, an international research and advocacy organization dedicated to protecting and promoting innovation is proud to release the 15th edition of the International Property Rights Index (IPRI) on November 30th. The IPRI included five case studies from collaborating think tanks.
The Index ranks property rights protections in 129 countries, covering 98% of the world GDP and 94% of the global population. For the third year in the row, the average of IPRI continued its downward trend to 5.60, a 2.2% decrease from the year prior. All IPRIโs components regressed: LP to 5.08, a decrease of .88%; PPR to 5.08, a decrease of 0.3%; and IPR to 5.24, a decrease of 5.4% which is the largest amongst the components.
