EghtesadOnline: Iran’s International Property Rights Index score has declined by 0.169 to 4.578, placing it 12th in the Middle East and North Africa region and 103rd in the world, according to Property Rights Alliance's latest report.
Iran is classified by IMF as part of the Middle East, North Africa and Pakistan group, and by the World Bank as an upper middle income country, according to Financial Tribune.
IPRI is based on 10 factors gathered under three components: Legal and Political Environment, Physical Property Rights and Intellectual Property Rights.
The overall grading scale of IPRI is [0–10], where 10 is the highest value for a property rights system and 0 is the lowest value. The same interpretative logic is applied to all three components.
The scope of the 2019 edition covers 93.83% of world population and 97.72% of the world GDP.
The Property Rights Alliance's International Property Rights Index 2019 report shows Iran’s Legal and Political sub-index score decreased by -0.128 to 3.719 with scores of 4.148 in judicial independence, 3.633 in rule of law, 3.377 in control of corruption and 3.719 in political stability.
Iran’s Physical Property Rights sub-index decreased by -0.178 to 5.609 with scores of 4.803 in perception of property rights protection, 8.972 in registering property and 3.051 in ease of access to loans.
Iran’s Intellectual Property Rights sub-index score decreased by -0.202 to 4.408 with scores of 3.682 in perception of intellectual property protection, 5.13 in patent protection and data in copyright protection.
Property Rights Alliance is an advocacy organization dedicated to the protection of physical and intellectual property rights.
The International Property Rights Index is the flagship publication of PRA. IPRI scores the underlining institutions of a strong property rights regime: legal and political environment, physical property rights and intellectual property rights.
It is the world’s only index entirely dedicated to the measurement of intellectual and physical property rights.
A tool for policymakers, business communities and civic activists, IPRI highlights the essential role property rights play in creating a prosperous economy and just society.
During 2019, PRA worked to compile case studies with 118 think tanks and policy organizations in 72 countries involved in research, policy development, education and promotion of property rights in their countries.
Property rights are human rights and nurture economic growth and social development. Property rights promote innovation and productivity, and have been the most effective mechanism to guarantee civil rights and civil liberties.
Protecting individual liberty is the fundamental reason for a system of strong private property rights.