Showing posts with label creators' economy. Show all posts
Showing posts with label creators' economy. Show all posts

Thursday, May 31, 2018

NAFTA negotiators must protect U.S. intellectual property; Dallas News, May 30, 2018

Tom Giovanetti, Dallas News; NAFTA negotiators must protect U.S. intellectual property

"When the North American Free Trade Agreement came into effect, the U.S. economy was already more dependent on innovation than upon traditional manufacturing. And in the 30 years since, that trend has only continued. Today, the U.S. is a creators' economy; we patent new inventions, copyright new creative works, and trademark strong new brands.

These industries, identified as the intellectual property-intensive industries by the Commerce Department, are responsible for nearly one-third of all U.S. jobs and for more than 38 percent of U.S. gross domestic product. So there's a good chance you or someone close to you works in these industries, which include software, music and book publishing, movies and entertainment, pharmaceuticals, chemicals and enzymes, patented and hybridized plants and seeds, microchip design or aircraft manufacturing.

In any given year, the intellectual property-intensive industries are responsible for around 60 percent of all U.S. exports. In other words, the majority of what the rest of the world wants from the U.S. is our creative output."