TPP watch: why doesn’t NZ quantify its intellectual capital?
Posted by Clare Curran on November 17th, 2013
In 2012 the US produced this report :
Intellectual Property and the U.S. Economy
INDUSTRIES IN FOCUS
Patents, trademarks, and copyrights are the principal means for establishing ownership rights to inventions and ideas,
and provide a legal foundation by which intangible ideas and creations generate tangible benefits to businesses and
Intellectual property (IP) protection affects commerce throughout the economy by: providing incentives to invent and
create; protecting innovators from unauthorized copying; facilitating vertical specialization in technology markets;
creating a platform for financial investments in innovation; supporting startup liquidity and growth through mergers,
acquisitions, and IPOs; making licensing-based technology business models possible; and, enabling a more efficient
market for technology transfer and trading in technology and ideas.
On April 11, 2012, the U.S. Commerce Department released a comprehensive report, entitled “Intellectual Property and the
U.S. Economy: Industries in Focus,” which found that intellectual property (IP)-intensive industries support at least 40
million jobs and contribute more than $5 trillion dollars to, or 34.8 percent of, U.S. gross domestic product (GDP).
Pretty compelling stuff.
To my knowledge there is nothing comparable in New Zealand.
In 2012 a report Price Waterhouse Coopers produced a report for the NZ screen industry which found that the film and
television industry’s total contribution to gross domestic product (GDP) was $2.78 billion, representing 1.4% of New
Zealand’s total GDP.
This report was important (though it should be noted our film industry is under threat and under resourced). But it’s
not the full picture.
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