Blog Post: The Importance of IP Rights in Economic Competitiveness
Today’s release of the 2010 International Property Rights Index (IPRI) by the Property Rights Alliance highlights once again the importance intellectual property rights (IPR) play in growing economies, improving living standards, and creating jobs around the world.
The report makes clear that “economic well-being and property rights are positively correlated,” adding that this dynamic occurs because as “innovation and investments grow the more the citizenry is assured of the protection of their property.” We have known for generations that strong IP rights are essential to the economic health and well-being of a country. This report looks at 125 nations – or 97 percent of the world’s gross domestic product – and shows it to be true. Read more….