Strong improvement of the country in a ranking of property rights: rose 18 places

In line with the improvements in other international measures, such as the Indexes of Economic Freedom or Institutional Quality, Argentina climbed 18 positions in a year (reaching 79 out of 125 countries), in the Property Law Index prepared by the economist Sary Levy-Carciente for the Property Rights Alliance, an organization that brings together 113 study centers, including the Libertad y Progreso Foundation, which works to improve property rights throughout the world.

“Argentina is ranked 79 out of 125 countries and number 11 in 20 countries in the region. With respect to 2017, the improvement is 18 posts and compared to 2016, when Argentina was positioned numbered 27. The country showed improvements in the areas of Judicial Independence, Rule of Law, Political Stability and Corruption Control. Within what is the Subindex of Physical Property Rights, there were improvements in Perception of the Protection of Property Rights; in Land Registry; and in Access to Credits. Finally, in what is Intellectual Property Law, there were notable improvements in the perception of the Protection of Intellectual Property, Patent Protection and Copyright Protection”, highlighted the research conducted by Levy-Carciente.

The Global Intellectual Property Index reveals property rights in 125 countries, covering 98% of world GDP and 93% of the population. According to the calculations of the Property Rights Alliance, 6 billion people have problems with the protection of their property rights, such as the ownership of a home, and only 13% of the population has an adequate level of protection. their rights, whether intellectual rights or physical private property. The IPRI is composed of 10 factors, grouped under three components: Legal and Political Environment (LP), Physical Property Rights (PPR) and Intellectual Property Rights (IPR). Three countries (Finland, New Zealand and Switzerland) maintain the best scores in protection of property rights years ago. These countries also have high scores in the Indexes of Economic Freedom and Institutional Quality.

“All relate the property right only to the business world and it is not like that. This right derives from owning the fruit of one’s work. Therefore, it is not that a country without property rights is bad only for the rich, who ultimately have more resources to defend themselves, but it is worse for those who have less. They are the ones who see their savings continually expropriated, discouraging them from foreseeing for the future. This makes it difficult for them to have a home of their own. Not only because you can not save, but because this is the necessary input for credit and, therefore, mortgage loans become scarce and unattainable. Or plan to ensure a better education for the children or to have a dignified old age. All these damages of the lack of respect of the right of property do not suffer those who have more. Therefore, the best way to guarantee a better future for lower income sectors is to promote the defense of property rights, “said Aldo Abram, executive director of Libertad y Progreso.

“The defense of property rights is not a flag for entrepreneurs and the rich. It deeply affects the poorest. For example, in Malaysia we met the case of an entrepreneur who invented a system to make water drinkable with solar energy, something that would help an entire country with water problems at a very low cost. The boy was scared of the amount of paperwork he had to do to register his invention. I would not be surprised if I ended up registering him in another country, “says Levy Carciente. According to Economic Frontier, 45 billion dollars of economic growth were lost in 2013 and 2.2 million jobs were created solely because of piracy, which is an aspect of the lack of respect for property rights, notes the academic of Venezuelan origin.

“Property rights are a key indicator of economic success and political stability. According to the economist Hernando de Soto, the weakness of property rights not only hinders the economies from developing the potential of their entrepreneurs, but also makes other important variables stagnate. This index shows that there are correlations between the Property Index and the indexes of Human Freedom, Economic Freedom, Perception of Corruption, Civic Activism and even Internet connectivity. A troubling fact found by the Index is that in certain African countries there are more restrictions on property rights in women, “said the Property Rights Alliance.

“The lack of protection of property rights affects what people can do with their minds, their skills and their relationships with people,” said Lorenzo Montanari, director of the organization.

See the complete work here

Watch the transmission on Facebook of the launch of the index in:

Press contacts:
– Lorenzo Montanari, Property Rights Alliance, 
[email protected]
@lorenzmontanari/ @PRAlliance

– Aldo Abram,
011 1541715542,
[email protected],

– Agustín Etchebarne,
011 155 6429869,
[email protected],

– Manuel Solanet,
011 52364370,

– Iván Cachanosky,
011 1556324921,

– Mercedes Colombres (press)

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