U.S. the Best for Intellectual Property; U.S. News & World Report, 2/10/16

Isabella Gutierrez, U.S. News & World Report; U.S. the Best for Intellectual Property:

"For the fourth consecutive year, the U.S. has been listed as having the best environment in the world for intellectual property, the U.S. Chamber of Commerce said Wednesday, although the country ranks only fifth when it comes to enforcing intellectual property rights.

The chamber's annual International IP Index compared 38 countries that together account for around 85 percent of the world's gross domestic product, assessing them on major factors involved in intellectual property like patent and copyright protections and the safeguarding of trade secrets.

In the U.S., intellectual property industries account for 40 million jobs and 38 percent of GDP, Donohue said. The country took first place for its overall intellectual property environment in part because of its trade secret and copyright protections and membership in international treaties.

Behind the U.S. were the United Kingdom, Germany and France, surpassing countries like China, Japan and Canada."