Question
- **Property Rights Protection:** Ensuring strong legal frameworks to protect property rights encourages both local and foreign investors to invest in the economy, knowing their investments are secured.
Provide an example with reference for the above text
Provide an example with reference for the above text
Answers
GPT-4o mini
An example of strong property rights protection encouraging investment can be seen in **Singapore**. The country has established a robust legal framework that effectively protects property rights, which has been instrumental in attracting foreign direct investment (FDI). The World Bank’s "Doing Business" report consistently ranks Singapore among the top countries for ease of doing business and property rights protections.
For instance, according to the 2020 Doing Business report, Singapore ranks 2nd globally in terms of enforcing contracts and 1st in property registration. This strong legal infrastructure assures investors that their investments are safeguarded against arbitrary actions, thereby fostering a conducive environment for business.
Reference:
World Bank. (2020). *Doing Business 2020: Comparing Business Regulation in 190 Economies*. Retrieved from [World Bank - Doing Business](https://www.worldbank.org/en/publication/doing-business).
For instance, according to the 2020 Doing Business report, Singapore ranks 2nd globally in terms of enforcing contracts and 1st in property registration. This strong legal infrastructure assures investors that their investments are safeguarded against arbitrary actions, thereby fostering a conducive environment for business.
Reference:
World Bank. (2020). *Doing Business 2020: Comparing Business Regulation in 190 Economies*. Retrieved from [World Bank - Doing Business](https://www.worldbank.org/en/publication/doing-business).