Last August I wrote about how Mexico has quietly become one of the world’s leaders in protecting and safeguarding intellectual property. In doing so, Mexico is putting the foundation in place for long-term economic growth and prosperity. And there’s a lot that every government and company can learn from Mexico’s example. Related posts: Mexico’s Impressive [...]
Read MoreMexico’s Foresight
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Senate Bill Shines a Light on Global Cybercrime
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Senators Kirsten Gillibrand (D-N.Y.) and Orrin Hatch (R-Utah) this week made an important contribution to the unfolding cybersecurity debate in Congress when they introduced an updated version of their International Cybercrime Reporting and Cooperation Act (S. 1469), which aims to foster more effective coordination between the United States and foreign countries. As has been reported [...]
Read MoreA Jolt of Stimulus for Local Economies
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The software industry and trade officials who negotiate on software matters at times face incredulity when we encourage countries to step up enforcement of intellectual property rights. Some skeptical officials wonder (even if they don’t say aloud), “What’s in it for us?” They assume — falsely — that enforcing intellectual property rights boosts the profits of multinational firms that create software products but provides no significant benefit to a local economy where the software is being sold.
A new study from BSA and IDC shows that couldn’t be further from the truth. Reducing software theft actually sends ripples of stimulus through local economies. The new study finds that a 10-percentage-point drop in worldwide software piracy over four years would inject more than $142 billion into the global economy, create nearly 500,000 jobs and generate $32 billion in tax revenues. What’s more, 82 percent of those benefits would accrue inside the countries that achieve the piracy reductions.
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