Question

Explore the International Property Rights Index website. This organization scores countries on their legal and political environment and how well property rights are protected. Choose three countries with high scores and three countries with low scores from their list. Then explore the CIA World Factbook website to find GDP per capita in each of these six countries. Based on what you find, how would you describe the relationship between property rights and GDP per capita? Why do you think that relationship exists?

Answer 1

HIGHEST SCORES

1) Finland -> 8.692

2) New Zealand -> 8.632

3) Switzerland -> 8.618.

LOWEST SCORES

1) Haiti -> 2.733

2) Yemen -> 2.792

3) venezuela -> 2.975

The GDP per capita for each country in 2018 are as follows:

1) Finland 45703 USD

2) New Zealand 42940 USD

3) Switzerland 80189 USD

4) Haiti 765 USD

5) Yemen 660 USD

6) Venezuela 15692 USD.

As we have observed that there is a direct relationship in between the GDP per capita and international property rights largely because of the strong legal and political stability as well as IP rights protection which gives these countries competitive edge in trade relational and exports-imports regime as well as higher governmentsal reforms leading to the better GDP growth and therefore the GDP per capita is higher in countries where property right index is more.

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