This week I am highlighting a recent article written by Mark Schultz and Adam Mossoff on the connection between intellectual property rights and economic prosperity. In sum, the article makes an excellent connection between the strength of a country’s IP system to that of its economy.
One could argue that a country like China that has not historically enforced intellectual property still has a strong economy. But China has made progress in their IP system and the enforcement of intellectual property rights under that system.
In general, the evidence seems to indicate that where intellectual property rights are protected, and where innovation is encouraged, the economy will grow.