April 21, 2018

Intellectual Property Drives Economic Growth and Competitiveness

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America’s IP is worth $6.6 trillion, more than the nominal GDP of any other country in the world.

IP-intensive industries account for over 1/3– or 38.2%– of total U.S. GDP.

IP accounts for 52% of all U.S. merchandise exports- which amounts to nearly $842 billion.

The direct and indirect economic impacts of innovation are overwhelming, accounting for more than 40% of U.S. economic growth and employment. counterpart in a non-IP industry.

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“A weakening of TRIPS will discourage American and other innovators and manufacturers from stepping up when their efforts are needed during a future global health crisis.” Insight from @DennisCShea_. https://t.co/kymTrI4O0p

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