Intellectual Property protection: The key incentive to innovation

Intellectual property rights , patents in particular , are perhaps most critical in industries characterized by high fixed costs of development and low marginal costs of production. Intellectual property (IP) protections are fundamentally about encouraging the innovation that drives human progress. And these protections have been extraordinarily successful contributing to rapid increases in global living standards over the past two centuries The Information Technology and Innovation Foundation (ITIF) took a deeper look at the latest data on the strength of IP laws and the amount of innovative, creative output around…

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Google Shuts Spanish Google News Service, Spanish Government Says It Has no Plans to Modify Law That Prompted Google’s Move


BBC News: Madrid Online search giant Google is shutting down its Google News service in Spain before a new intellectual property law is introduced. Google will shut the service on 16 December before the law comes into effect in January, the firm said. The law allows Spanish publications to charge services like Google News if their content is shown on the site. But Google has argued against the ruling, saying that it makes no money from its search-based service. “It’s with real sadness that on 16 December we’ll remove Spanish…

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