Intellectual Property Law notes

Intellectual Protection Laws: Let Freedom Ring to Boost U.S. Economy  January 24, 2013 – 05:14 am
with a program dedicated

Politicians take note: Loosening America’s intellectual protection laws could help jumpstart the economy.

Several countries with weak intellectual protection laws have the fastest growing emerging economies, meanwhile the United States – which has some of the strictest IP rules – is stuck in a Great Recession.

Recent empirical evidence and policy analysis have revealed the reason for that is tough intellectual property laws inhibits competition, and economic growth is hindered by their existence.

Last month, the Global Intellectual Property Center in conjunction with the U.S. Chamber of Commerce released a report evaluating intellectual property laws in eleven different countries using categories such as patent law, copyright law and trademark law.

The United States ranked the highest of those studied, meaning its IP protection is the strongest in the world; worst among the eleven were Russia, Brazil, China, and India.

Yet Brazil, Russia, China, and India have something else in common. Despite weak IP protection, these four countries have the fastest growing emerging economies.

In a February 2012 report by Price Waterhouse Coopers, these four countries—the “BRIC” nations—had average annual growth rates between five and nine percent in terms of GDP, up to three times the growth rate of the U.S.

Source: The College Fix

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  • This thorough, engaging text provides a comprehensive overview of the four fields of intellectual property law-trademarks, copyrights, patents, and trade secrets-including...
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  • Using Internet Resources features direct students to access intellectual property websites to gain familiarity with common resources used by legal professionals...
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