‘Creative Industries and Economic Development in Thailand’ Finds IP Responsible for 10% of Thai Economy

WASHINGTON, D.C.—A study released today in Bangkok by the Fiscal Policy Research Institute (FPRI) and the Keenan Institute Asia (K.I. Asia) concluded that 10% of Thailand’s economy is reliant on intellectual property (IP) rights, and with an improved IP climate, this number could grow substantially. Creative Industries and Economic Development in Thailand studied nine of Thailand’s leading creative industries and found that IP is not only a driving economic force in the nation, but it is also a contributor to job growth in other non-IP sectors as well.

“This report clearly demonstrates the impact that creativity can have on a nation’s economy, and how important it is to not only protect intellectual property, but to recognize IP as a job creator and valuable component of our global economy,” said Dr. Mark Esper, executive vice president of the U.S.