Policy Webinar: 2020 World IP Day - The Global Voices Supporting Intellectual Property Rights
When: April 27th, from 9am (EST) to 10 am
Where: Link provided at the Property Rights Alliance webpage
- Moderator: Lorenzo Montanari, executive director of Property Rights Alliance
- Welcome Remarks: Matt Bryan, WIPO Director of the PCT Legal and User Relations Division
- Philip Thompson, IP and Trade Specialist, Property Rights Alliance. Presenting the World IP Day Coalition Letter
- Prof. Mark Shultz, University of Akron School of Law
- Prof. Vladimir Maciel, Director of the Center for Economic Freedom, Mackenzie University (Brazil). The challenge of CODIV 19 to the IP system in Brazil.
- Jasson Urbach, Director of Free Market Foundation (South Africa). South Africa and the removal of the intellectual property rights.
As part of World IP Day Property Rights Alliance organized a coalition letter signed by 93 think tanks from around the world to World Intellectual Property Organization (WIPO) director-general Francis Gurry. This year’s theme is “Innovate for a Green Future.”
However, the global Covid-19 pandemic has taken over as the most pressing challenge affecting the world today and IP protections are key to finding a solution. The letter states “Keeping these protections intact is the only way to ensure inventors can continue making bold investments in new technologies and medicines that improve global health.”
IP and the Economy: Europe and North America, the regions that have the highest protections of property rights, according to the International Property Rights Index, are home to large IP-intensive economies. In the United States, the sector generates nearly 38 percent of GDP and in Europe 45 percent. Together their IP-intensive industries employ 90 million hard-working men and women that earn on average 46 percent more than their counterparts in other industries.
Close the Gap: Their scores on the Property Rights Index are 31 percent greater than the rest of the world and their per-capita income 16 times greater than those at the bottom. If all countries and all people are going to have the same opportunity to contribute to the next era of innovation this IP rights gap must be closed.
The property rights ecosystem is composed of the Legal and Political environment, the Physical Property Rights environment, and the Intellectual Property Rights environment.