Study Links Two-thirds of America's Large Businesses' Value to Intellectual Property
Pharmaceuticals, the Most IP-Intensive Industry: Average Worker Contributes
$425,000 in Value Every Year
WASHINGTON, Aug. 13 /PRNewswire-USNewswire/ -- Today, NGO World Growth released new research by Dr. Robert Shapiro, former Undersecretary of Commerce to President Clinton, which finds that two-thirds of the value of America's large businesses springs from intellectual property (IP), especially patents and trademarks. Using National Science Foundation data on industry investments in research and development activities that produce IP, Shapiro and co-author Nam Pham determine a broad range of positive economic effects, pointing to the pharmaceutical industry as the most IP-intensive industry. In the study, titled Economic Effects of Intellectual Property -- Intensive Manufacturing in the United States, Shapiro and Pham calculate the concrete economic benefits of IP to the U.S. economy and find that IP- intensive jobs produce greater value added per employee, pay higher average wages, and have stronger records in job creation than those that are less IP- intensive: -- IP-intensive industries produce 72 percent more value added per employee than non-IP-intensive industries -- The average employee in IP-intensive industries earns 44 percent more than non-IP-intensive industries -- IP-intensive industries create jobs at a rate 140 percent higher than non-IP-intensive industries, excluding computers/electronics. Alan Blinder, former economic advisor to President Clinton and Vice Chairman of the Board of Governors of the Federal Reserve System, in his forward to the study writes, "As Robert Shapiro and Nam Pham remind us in this fascinating study, an increasing share of the market valuation of the top U.S. companies is now apparently based on 'intangibles' ('ideas,' if you will), rather than on companies' stockpiles of physical assets. They reckon that this share of value rose from about 25 percent in 1984 to about 64 percent in 2005 -- a huge increase in just two decades." About World Growth World Growth is a non-profit, non-governmental organization established with an educational and charitable mission to expand the education, information and other resources available to disadvantaged populations to improve their health and economic welfare. At World Growth, we embrace and celebrate the new age of globalization and the power of free trade to eradicate poverty and improve living conditions for people in the developing world. For more information on World Growth, visit http://www.worldgrowth.org. To view the complete study, please visit http://www.the-value-of-IP.org. For media inquiries, please email email@example.com or call (866) 467 7200.
SOURCE World Growth
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Selon une ONG, un programme de l'UE et du R.-U. 'en faveur de l'environnement', chiffré à 270 millions d'euros et en probable infraction avec le droit commercial international, risque d'entraîner des pertes d'emplois dans les pays en développement
Feb 12, 2013, 14:59 ET
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