The President of China is in the United States and met with Bill Gates and other technology leaders. Tomorrow he will be hosted at the White House by President Bush. What issues will President Hu most likely hear at both meetings? It’s likely that he will hear that US-China relations would be smoother if China could find a way to better police infringements of intellectual property rights that take place there (and in other developing countries). This is a top goal for both business and government and it’s a bipartisan concern here to boot. Come to think of it, there are some political leaders of the European Union and even a few American leaders who need to hear that message and ponder what it means for the kind of high growth they take for granted.
Today, The Manufacturing Institute released its long-awaited report on why intellectual property laws and enforcement are so important to economic growth here and abroad. The author is Richard Epstein, professor at the University of Chicago Law School and a scholar at the Hoover Institution. Joining him were Michael Ryan, director of the Creative & Innovative Economy Center at George Washington University and Jerry Jasinowski, president of the Manufacturing Institute. Professor Epstein’s report, Intellectual Property for the Technological Age, is a very readable white paper that answers some of today’s skeptics about the role of IP in today’s economy. In short, our current IP laws and enforcement are the right policies for this rapidly-changing technological era.
Check it out today and I’ll blog on some of the details in the days ahead and give a wrap up of what our three panelists had to say today. In the meantime, if you can access Reuters, they filed a really good report on our event and it’s worth a read.
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