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IPPA Releases Property Rights Index
Lagos, Ghanadot/Nigeria - The
Initiative for Public Policy Analysis (IPPA) has released
the 2nd International Property Rights Index (IPRI). The
index which measures 115 countries shows the relationship
between the protection of physical and intellectual property
rights on one hand and economic well-being on the other.
The report shows countries that protect property rights
provide an essential foundation for peace, stability and
prosperity.
In order to incorporate and grasp the important aspects
related to property rights protection, the 2008 IPRI focuses
on three areas: Legal and Political Environment (LP),
Physical Property Rights (PPR), and Intellectual Property
Rights (IPR). Ninety-six (96) percent of world GDP is
represented by the incorporated countries, and demonstrates
that countries in the top quartile of the Index have an
average GDP per capita
more than nine times than of those in the bottom quartile.
“Property rights continue to be a challenge in Nigeria. In
terms of physical property, there is the need for the reform
of the existing Land Use Law that places all land
under the ambit of government. This most often prolongs
formal ownership of land and hinder development,” said
Thompson Ayodele, the Executive Director of Initiative for
Public Policy Analysis.
According to Ayodele, Nigeria still represents the largest
market in Africa for products that infringe on intellectual
property rights.
Infringement on Intellectual Property Rights deprives
innovators the revenue they ought to have legitimately
earned which could also be re-invested into the economy.
In the 2008 report, Nigeria ranks 107 along with other poor
countries and scores the lowest points on most indices
measuring such things as human rights and economic freedom.
The IPPA and forty other organisations from six continents,
partnered with Property Rights Alliance in Washington DC and
its Hernando de Soto Fellowship Programme to disseminate the
Report
Hernando De Soto whose seminal work on property rights led
to the conception of the IPRI said this year’s results
“provide further proof of the relationship between the
robustness of a country’s property rights system and its
economic development, revealing that much still needs to be
done to extend property rights to more people, especially
the poor.”
The International Property Rights Index will provide the
public, researchers and policymakers, from across the globe,
with a tool for comparative analysis and future research on
global property rights. The Index seeks to assist
under-performing countries to develop robust economies
through an emphasis on sound property law.
“Property Rights acts as a carrot to investors if local
creative talents as well as talents of others are protected.
Foreign direct investment would be at low ebb if the
activities of handful of people who do not respect property
rights are allowed to flourish,” said Ayodele.
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African Export-Import
Bank receives delegated authority to commit up to $40
million Ex-IM Bank financing
Wash.DC, March 3, Ghanadot - To make it easier and faster for
African buyers to obtain Ex-Im Bank support for their
purchases of U.S. goods and services, the Export-Import
Bank of the United States (Ex-Im Bank) has approved
....More
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Presidential aspirant expresses concern about filth
Sunyani, Mar. 3, Ghanadot/GNA– Dr. Paa Kwesi Nduom,
Presidential Aspirant of the Convention Peoples Party (CPP),
at the weekend, expressed his concern about the seeming
insurmountable problem of garbage disposal, filth, standing
pools of water and dusty environment in the country....More
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A
call for more research for effective HIV and AIDS programnme
development
Accra, March 3, Ghanadot/GNA- Professor Fred T. Sai,
Presidential Advisor on HIV/AIDS, Reproductive Health and
Population Issues on Monday called for the combination of
basic sciences, clinical sciences with serious social
science research for effective HIV/AIDS programme
development. .....More |
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Finally, Osagyefo barge to produce
power
Accra, March 3, Ghanadot/GNA – Government’s
efforts at ensuring increased and reliable energy supply
is set to receive a big boost within the next few weeks
when the Osagyefo barge begins power generation. ....More |
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