USITC: "China's IP and Indigenous Innovation Cost U.S. 48,2 billion dollar"

Photo Danny Friedmann
"Maybe we need more resources for IP enforcement?"

The U.S. International Trade Commission report (ITC), commissioned by the U.S. Senate has been published. The title of the ITC report is: China: Effects of Intellectual Property Infringement and Indigenous Innovation Policies on the U.S. Economy. One of the effects, according to the writers, is that IP infringements and preferential treatment for indigenous innovation cost the U.S. economy in 2009 48,2 billion dollar. We have to be patient for the 2010 result.  I have glanced through the whole thing. It is nice that they refer to an article of mine “China: China’s National IP Strategy 2008; Feasible Commitments or Road to Nowhere Paved with Good Intentions?" on biblio-page 7.