US Competitiveness Report Shows Struggle With Balance Of IP And Access
A new report from the United States Department of Commerce on competitiveness and innovation details the US need to boost innovation in order to compete globally and grow the economy. But while it stresses the need for strong intellectual property rights enforcement to create high-priced monopolies as an incentive for innovation, it also acknowledges that access to inexpensive technology and ideas is key to innovation and entrepreneurship. Furthermore, it shows that the rise in IP rights in recent years has been accompanied by a drop in innovation.
