Lessons from NAFTA by The World Bank

Author:The World Bank
Language: eng
Format: epub
ISBN: 9780821358139
Publisher: The International Bank for Reconstruction and Development / The World Bank

Table 5.5 Shareholder Rights, Creditor Rights, and Enforcement of Law

* * *

Number of countries

* * *

Shareholder rights

* * *

Creditor rights

* * *

Efficiency of judicial system

* * *

Rule of law

* * *

Absence of corruption

* * *

United States 5.00 1.00 10.00 10.00 8.63

United Kingdom 5.00 4.00 10.00 8.57 9.10

Industrial countries (average) 21 3.00 1.81 9.02 9.26 8.90

East Asia 7 (average) 7 3.14 3.42 6.78 6.81 6.23

Latin America (average) 9 2.67 1.25 6.47 5.18 5.22

Argentina 4.00 1.00 6.00 5.35 6.02

Brazil 3.00 1.00 5.75 6.32 6.32

Chile 5.00 2.00 7.25 7.02 5.30

Mexico 1.00 0.00 6.00 5.35 4.77

Overall average 49 2.65 2.30 7.67 6.85 6.90

Note: For each indicator a higher value is better. The respective ranges are as follows: shareholder rights, 0-6; creditor rights, 0-4; efficiency of judicial system, 0-10; rule of law, 0-10; absence of corruption, 0-10. The East Asia 7 are Hong Kong (China), Indonesia, the Republic of Korea, Malaysia, Singapore, Taiwan (China), and Thailand.

Source: López-de-Silanes 2002.

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