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…
Read MoreIntellectual Property protection: The key incentive to innovation
