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Legal and political environment

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Reference no: EM131808667

The International Property Rights Index (IPRI) scores countries based on the legal and political environment and how well property rights are protected.

The following table lists the IPRI scores and GDP per person in 2014 for six countries.

IPRI Score - GDP per Person (Current US Dollars)
Norway 8.3 97,307.4
Singapore 8.2 56,284.6
United Kingdom 7.8 46,322.0
Brazil 5.5 11,384.4
Algeria 4.1 5,484.1
Bangladesh 3.4 1,086.8

Countries with better property rights protection generally have _________ (lower, higher) income per person than those with poor property rights enforcement.

What can the government of a relatively poor country do to promote economic prosperity? Check all that apply.

Give inventors and authors exclusive, temporary rights to market to sell their creations.

Establish and enforce strong property rights.

Impose steep tariffs on imports from foreign countries in order to protect domestic industries.

Encourage its officials to facilitate business operations and encourage investment by accepting bribes.

Reference no: EM131808667

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