IP Theft Hurts Innovation, Economic Growth, Says Free State Researcher
The U.S. economy could benefit significantly from stronger intellectual property protections, blogged Free State Foundation researcher Michael Horney, citing a 2017 Frontier Economics report that estimated a one percentage point reduction in piracy would add up to $54 billion in…
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economic activity for Organisation for Economic Cooperation and Development countries. IP theft hurts job creation and economic growth because it discourages artists and innovators from creating new products and services, Horney wrote, urging a stronger U.S. focus to encourage innovation and economic activity.