Nepal has neither
improved its rank nor score in the International Property Rights Index for the
year 2013.
According to
the report published by Property Rights Alliance (PRA) based in Washington DC,
Nepal ranked 101st – among the 131 countries – in the International
Property Rights Index 2013 with a score of 4.5 out of 10, whereas in the year
2012 also Nepal was at the same rank.
From 2009 to
2013, the overall IPRI score of Nepal has not changed.
However,
between 2012 and 2013 the IPRI score improved by 0.1 points. In fact, all three
components gained 0.1 points during this time period.
Legal and Political Environment grew by 0.1 points due to a 0.2 point
increases in Judicial Independence and Political Stability, whereas a significant 0.4
point gain in the item Protection of Physical Property Rights helped lead to a
0.1 point higher Physical Property
Rights component score. Likewise, the 0.1 point increase in Intellectual Property Rights is
due to a 0.2 point increase in Protection of Intellectual Property Rights.
The
International Property Rights Index is an annual comparative study that aims at
qualifying the strength of property rights – both physical and intellectual –
and ranks the countries based on 10 factors reflecting the state of Legal and
Political Environment (LP), apart from Physical Property Rights (PPR) and
Intellectual Property Rights (IPR).
The 2013
report – that is based on 131 countries explores the last five years between
2009 and 2013 – represents 98 per cent of the world gross domestic product
(GDP) and 93 per cent of the world population.
Nepal falls
under the bottom 20 per cent average per capita income by International
Property Rights Index quintile, whereas on an average, countries in top 20 per
cent quintile of the index showed a per capita income around seven times that
of bottom quintile countries.
The hardline
UCPN-Maoist government that has no respect for individual liberty and property
rights, and believe in authoritarian rule has been still confusion that the
rejection of property rights means the rejection of wealth creation forcing the
country to poverty.
According to
the 2013 report, Finland leads the 2013 ranking with a score of 8.6, followed
by New Zealand and Sweden with 8.4, and Norway with 8.3. Likewise, Singapore
leads in South East Asia with 8.1 score.
Top five
1.
Finland
(8.6)
2.
New Zealand
(8.4)
3.
Sweden (8.4)
4.
Norway (8.3)
5.
Netherlands
(8.2)
6.
Switzerland
(8.2)
7.
Luxumberg
(8.1)
8.
Singapore
(8.1)
Bottom five
131. Yemen (3.1)
130.
Venezuela (3.4)
129. Burundi
(3.4)
128. Haiti
(3.4)
127. Libya
(3.4)
126. Bangladesh
(3.5)
125. Algeria
(3.7)
124. Zimbabwe (3.8)
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