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IP-Watch Summer Interns

IP-Watch interns talk about their Geneva experience in summer 2013. 2:42.

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    US Report: Foreign-Owned Firms Dominate IP Industries

    Published on 6 March 2013 @ 6:12 pm

    Intellectual Property Watch

    By Kelly Burke for Intellectual Property Watch

    A majority of leading firms in IP-related industries are foreign-owned, according to a new report, which argues that this should change the focus of US policymakers on domestic IP protection.

    The report, titled “Foreign Ownership of Firms in IP-Intensive Industries” [pdf], identifies nationalities of the leading firms in several IP industries and challenges the assumption that the US is a global innovation leader in these industries.

    The report includes findings from industries such as publishing, film/entertainment, recording and pharmaceutical.

    Key findings include: Since 2008, foreign companies have obtained more US patents each year than US companies and in 2011 alone, foreign companies obtained 7,000 more than US companies. Also, eight of the 15 largest pharmaceutical companies by global sales are foreign owned and 57 per cent of the global revenue of was generated by foreign-owned companies.

    “Assessing the U.S. global standing in IP-intensive industries is important because it helps to determine the optimal level of domestic IP protection, as well as what IP standards the U.S. should be urging upon its trading partners,” the report stated. “The critical point is that in such a globalized economy, U.S policymakers should no longer assume without reflection that the beneficiaries of protectionist IP policies are U.S. firms and, by extension, U.S. workers and shareholders.”

     

     

    Comments

    1. john e miller says:

      The population of the combined EU countries as of JAN 2011 (Eurostat) was 503.5 million. The population of the USA by the Census Bureau JULY 2012 was about 314 million. So to say that EU employees about twice as many in the publishing industry as the US is about on the same proportion.

    2. andos tobing says:

      Firstly, thanks to both the authors for the report. Second, the report also pictured that US is still one of the biggest IP industry, when comparing in a one-on-one basis, particularly on patent products.


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    We welcome your participation in article and blog comment threads, and other discussion forums, where we encourage you to analyse and react to the content available on the Intellectual Property Watch website. By participating in discussions or reader forums, or by submitting opinion pieces or comments to articles, blogs, reviews or multimedia features, you are consenting to these rules.

    We welcome your participation in article and blog comment threads, and other discussion forums, where we encourage you to analyse and react to the content available on the Intellectual Property Watch website.

    By participating in discussions or reader forums, or by submitting opinion pieces or comments to articles, blogs, reviews or multimedia features, you are consenting to these rules.

    1. You agree that you are fully responsible for the content that you post. You will not knowingly post content that violates the copyright, trademark, patent or other intellectual property right of any third party or which you know is under a confidentiality obligation preventing its publication and that you will request removal of the same should you discover that you have violated this provision. Likewise, you may not post content that is libelous, defamatory, obscene, abusive, that violates a third party's right to privacy, that otherwise violates any applicable local, state, national or international law, that amounts to spamming or that is otherwise inappropriate. You may not post content that degrades others on the basis of gender, race, class, ethnicity, national origin, religion, sexual preference, disability or other classification. Epithets and other language intended to intimidate or to incite violence are also prohibited. Furthermore, you may not impersonate others.

    2. You understand and agree that Intellectual Property Watch is not responsible for any content posted by you or third parties. You further understand that IP Watch does not monitor the content posted. Nevertheless, IP Watch may monitor the any user-generated content as it chooses and reserves the right to remove, edit or otherwise alter content that it deems inappropriate for any reason whatever without consent nor notice. We further reserve the right, in our sole discretion, to remove a user's privilege to post content on our site. IP Watch is not in any manner endorsing the content of the discussion forums and cannot and will not vouch for its reliability or otherwise accept liability for it.

    3. By submitting any contribution to IP Watch, you warrant that your contribution is your own original work and that you have the right to make it available to IP Watch for all purposes and you agree to indemnify IP Watch, its directors, employees and agents against all damages, legal fees and others expenses that may be incurred by IP Watch as a result of your breach of warranty or of these terms.

    4. You further agree not to publish any personal information about yourself or anyone else (for example telephone number or home address). If you add a comment to a blog, be aware that your email address will be apparent.

    5. IP Watch will not be liable for any loss including but not limited to the following (whether such losses are foreseen, known or otherwise): loss of data, loss of revenue or anticipated profit, loss of business, loss of opportunity, loss of goodwill or injury to reputation, losses suffered by third parties, any indirect, consequential or exemplary damages.

    6. You understand and agree that the discussion forums are to be used only for non-commercial purposes. You may not solicit funds, promote commercial entities or otherwise engage in commercial activity in our discussion forums.

    7. You acknowledge and agree that you use and/or rely on any information obtained through the discussion forums at your own risk.

    8. For any content that you post, you hereby grant to IP Watch the royalty-free, irrevocable, perpetual, exclusive and fully sub-licensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part, world-wide and to incorporate it in other works, in any form, media or technology now known or later developed.

    9. These terms and your posts and contributions shall be governed and interpreted in accordance with the laws of Switzerland (without giving effect to conflict of laws principles thereof) and any dispute exclusively settled by the Courts of the Canton of Geneva.

     

     
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