Measuring Momentum – The GIPC International IP Index
Intellectual property is a proven driver of U.S. economic growth. In a first-of-its-kind report, the GIPC found that IP creates jobs, spurs R&D, exports, and output in all 50 states and the District of Columbia. Click here for the executive summary and please visit www.IPCreatesJobs.com for our individual state fact sheets.
Innovation is a key determinant of the global competitiveness of American businesses. IP companies are those who produce intellectual property (IP) or who apply IP in producing their goods and services. IP companies contribute substantially to U.S. output and employment and generate a large number of well-paying jobs for both white- and blue-collar workers. Based on the latest U.S. offi cial data, we estimate that, in 2008, IP companies in manufacturing and nonmanufacturing sectors employed more than 19 million workers and accounted for 16.3 percent of U.S. employment. In the same year, IP companies generated about $7.7 trillion in gross output, accounting for 33.1 percent of U.S. gross output. The innovation emanating from these companies is a key driver of sustained long-term economic growth and productivity, which are especially important in light of the current sluggish economic recovery and high unemployment.
Over the last several years, South Korea has built a vibrant Internet and communications environment that many countries around the world view as a paragon of broadband technology. The country ranks fifth globally when it comes to broadband access, and the number of users on the peninsula continues to grow. The path Korea took to get there, however, has not been without its bumps and turns. Most notably, the lack of intellectual property (IP) rights protection in Seoul’s broadband build-out early on hampered the growth of IP-intensive industries including the motion picture, recording, business and entertainment software industries as Internet piracy skyrocketed. This has forced the government to revisit its broadband policies in an effort to address copyright infringement and other IP vulnerabilities that were—and still are in some ways—harming Korean creativity, job creation, and economic growth.