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Infinite Possibilities – The U.S. Chamber International IP Index, 4th Edition
The 4th Edition of the U.S. Chamber International IP Index, Infinite Possibilities, maps the IP environment in 38 economies around the world, collectively accounting for nearly 85% of global gross domestic product (GDP). Each economy’s score is based upon 30 indicators spread across six categories – Patents, Copyrights, Trademarks, Trade Secrets, Enforcement, and International Treaties.
Infinite Possibilities re-evaluates IP policies in the 30 economies from the 3rd edition and also includes 8 new economies: Algeria, Brunei, Ecuador, Israel, Italy, Poland, Sweden, and Venezuela. Additionally, the Index includes six new correlations on the relationship between strong IP rights and socio-economic benefits: access to finance, high-quality human capital, foreign direct investment attractiveness, inventive activity, advanced technology markets, and streamlined and enhanced access to creative content.
Intellectual property fuels the creation of knowledge-based economies. By providing a legal infrastructure through which ideas can become products, robust IP systems foster innovation leading to economic growth, job creation, and sustained competitiveness in global markets. The U.S. Chamber’s International IP Index provides economies with a comprehensive roadmap to harnessing the benefits that robust IP systems provide.
The Index maps the IP environment in 38 economies around the world, collectively accounting for nearly 85% of global gross domestic product (GDP). Each economy’s score is based upon 30 indicators spread across six categories – Patents, Copyrights, Trademarks, Trade Secrets, Enforcement, and International Treaties.
The 4th edition of the Index also includes an updated measure on physical counterfeiting to provide a more accurate estimate of the estimated level of counterfeiting in the economies benchmarked in the Index. An overall score approaching 30 is indicative of a highly robust IP system. The 4th Edition of the Index not only measures the relative strengths of each economy’s IP environment, but also demonstrates the benefits associated with those strengths. The Index includes six new correlations on the relationship between strong IP rights and socio-economic benefits, as well as updated statistical information for 13 of the correlations from the 3rd edition of the Index. The new correlations include:
The Index includes many examples of positive momentum in economies that have recognized the infinite possibilities provided by robust IP protections and invested in a stronger innovation ecosystem:
Other economies still have ample room to improve their IP environment in order to unleash the benefits of intellectual property:
Global Innovation Policy Center (GIPC) @globalIPcenter 3d
“This [Life Sciences] sector stepped up to produce diagnostics, vaccines, treatments. It was the private-sector that made a difference in our lives.” More from @pfizer's Dr. Albert Bourla & @IAmBiotech’s @DrMichelleBIO at #StateofAmericanBusiness. https://t.co/j6x3uv4MEd