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Intellectual Property: “A
Power Tool for Economic Growth”
-Kamil Idris, Director, World Intellectual
Property Organization.
What is “Intellectual
Property”
“Commercial Application Of Imaginative Thought To Solving
A Technical Or Artistic Challenge.” (K.Idris).
Assumptions Underlying Intellectual
Property Protection
Creativity And Innovation (Human Capital) Are Valuable Assets
Which Must Be Protected And Encouraged.
Economic Incentives Encourage Creativity And Innovation.
Registration and Protection of Intellectual Property
Provides Needed Assets for Investment and Capital Growth
Develop New Types Of Property
For Investment Opportunitiestourism.
Trademarks Represent Valuable Capital Assets.
Can be Used To Finance Future Growth.
Not Limited to “Famous Marks” or Consumer Goods.
New Types of Property (Continued)
Geographic Indications Represent Local Quality
Which Can Be Marketed.
Traditional Knowledge Based Works, Including
Folk Art And Folk Remedies, Assure Rewards of Exploitation
Are Shared by Local Groups.
New Types of Property (Continued)
Copyright Protects Creative Works.
Neighboring Rights Protects Performers Rights
to Compensation.
Trade Secrets and Industrial Designs Protect
Innovation.
While Innovation May Occur
Without Intellectual Property Protection, Its Pace And Depth
May Be Adversely Affected Without Such Protection
Positive Growth Impacts of
IP Protection
Investment in Production Increases as Output of “Intellectual
Labor” is Protected.
Investment Encourages a “Culture of Innovation”
which Spurs Continued Innovation and Creativity.
Capital Asset Base, Including Human Capital Increases.
Encourage Innovation and Creativity
by Promising Potential Economic Returns for Creative Endeavors
Avoid Brain Drain
Consumer Protection
Preventing The Sale Of Unsafe And Shoddy Products.
Assuring Consumers Obtain The Products They Intend To Buy
At The Price That Gives Them Value For Money.
Special Harm Caused By Counterfeit
And Pirated Goods
Lack Of Quality Control Leads To Sale Of Harmful And Unsafe
Products.
Lack Of Faith In The Reputational Reliability Of Marks and
Geographic Indications.
Personal Injury And Property Damage.
Special Harm (Continued)
Pirates Don’t Pay Taxes.
Pirates Don’t Care Who Gets Hurt.
Pirates Don’t Invest In The Community.
Changing Consumer Attitudes
Desire For Low Prices And High Quality.
IP Theft Is Not A Victimless Crime.
Improving Protection for Cultural
Industries
Prompt Registration Of Assets
Prompt and Effective Enforcement
of Rights
An Asset without Protection isn’t an Asset.
Requires Coordination Between Criminal, Civil and Border Protection
Measures.
Greater Protection Assures Greater Choice as the Marketplace
Becomes Reflective of Consumer Needs.
Policing the Pirates
Stings, Private Investigations and Prompt Action, Including
Seizure and Destruction of Pirated Goods.
Special Training for Enforcement Officials.
Public Education.
Educating the Public
How to Spot a Fake.
The True Harm of Piracy.
The Future
?
Thank You
Doris Estelle Long.
7Long@Jmls.Edu
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