Investor’s Business Daily Opinion: Stop Foreign Government Attacks On American Intellectual Property, by Alden Abbott
This post originally appeared in Investor’s Daily Business on February 3, 2017.
The misappropriation of American intellectual property (IP) — patents, copyrights, trademarks, and trade secrets — costs American businesses hundreds of billions of dollars a year, and diminishes incentives to innovate that are key to American economic growth and prosperity.
While much attention has been paid to direct theft of IP, actions of foreign governments, particularly (but not exclusively) in Asia, to diminish the value of IP through the misapplication of antitrust law is far less reported — but it is a serious and growing threat to America’s economic future. The Trump administration should act decisively to deter such harmful foreign government activity and thus promote American competitiveness.