Earlier this year, BSA reported in its annual Global Software Piracy Study that the commercial value of PC software theft leapt 14 percent worldwide in 2010 to $59 billion. Behind all that theft, of course, were millions and millions of computer users installing unlicensed software in homes, businesses, government agencies, and other enterprises. What were [...]Read More
Inside a $59 Billion Heist: The Contradictory Opinions and Behaviors of the World’s Software Pirates
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.Read More