INTERNATIONAL PROPERTY RIGHTS INDEX (IPRI) 2009

Anne Chandima Dedigama, Hernando de Soto Fellow with contributions by: David Stanfield, Maria del Carmen Delgado, Kriengsak Chareongwonsak, Sudhir Ravindran & Arya Mathew, Clarissa Augustinus & Asa Jonsson
2008

Property rights in land are critically important for the functioning of societies. Stability and certainty of property rights form the foundation of financial and political security. But property rights are not normally stable or certain over the long term. The challenges of governing property rights are constantly evolving as economies become more globalized or more localized, as environmental conditions evolve, as the ethnic and class compositions of societies change. These ebbs and flows in human affairs find their reflections in property rights. Neglect of the social agreements over property rights can create flash-points for tribal, ethnic, class and religious tensions to ignite. Governmental institutions may become unable to resolve these property disputes, much less address their root causes.
 
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