PRA Congratulates New Intellectual Property Coordinator
Friday, December 4, 2009 12:00 pm | By Kelsey Zahourek

I would like to congratulate Victoria Espinel on her confirmation as the country’s first Intellectual Property Enforcement Coordinator. Ms. Espinel’s extensive background in intellectual property issues will be essential in assisting President Obama in reducing the threat to the U.S. economy from intellectual property theft.

Counterfeiting and piracy is a global problem that negatively impacts all sectors of the global economy from pharmaceuticals to software. Strong intellectual property enforcement is key to long term economic growth and prosperity. In the U.S., intellectual property-related industries employ over 18 million Americans. These jobs are ensured and protected due to IP protection and enforcement.


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Welcome to PRA's New Website
Thursday, December 3, 2009 3:30 am | By Kelsey Zahourek


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Intellectual Property is Critical to Job Creation
Thursday, December 3, 2009 3:30 am | By Kelsey Zahourek

Today, the White House hosted a jobs summit meant to discuss how to protect current jobs and prevent further losses. In light of this, I would like to point to a sector that has continuously supported jobs in the United States: the intellectual property sector.

America has long maintained a competitive advantage in the global market when it comes to innovation and intellectual property. It is intellectual property that drives this economy to the tune of $5 trillion, accounting for half of all U.S. exports, and employing nearly 18 million workers. These are high wage jobs that are ensured and protected due to IP protections that allow for stability in the industry. 
Yet this vital industry continues to be under attack. The Global Intellectual Property Center has compiled a list of statistics on the value of IP to job creation and the costs of IP theft. Here are just a few:
Americans work in a society where individual freedom, economic expansion and job creation depend on securing property rights. When creators and innovators face the risk of having their property effectively expropriated, nobody wins. The innovator faces a disincentive to invest in their endeavors and society loses out on the opportunity to benefit from their works. Economic growth only occurs when property, in all forms, is respected AND protected.



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