CPIA property rights and rule-based governance rating (1=low to 6=high)
This indicator evaluates the strength and reliability of a country’s legal framework in supporting private economic initiatives through the protection of property and contractual rights. It measures how effectively laws and regulations are upheld, ensuring that individuals and businesses can engage in economic activities without fear of arbitrary interference or expropriation. A high rating signifies a transparent and predictable governance environment where legal disputes are resolved fairly and efficiently, fostering an atmosphere of trust among investors and entrepreneurs. Moreover, it reflects the broader implications of governance quality on economic stability, investment attractiveness, and overall societal well-being. In contrast, lower scores indicate significant barriers, reduced economic motivation, and potential inefficiencies stemming from weak legal protections. Source:
Year:
2023
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CPIA property rights and rule-based governance rating (1=low to 6=high)