World IP Day 2010: Celebrating Property Rights Around the Globe

Every year on April 26, nations around the world recognize the benefits and triumph the successes of strong intellectual property rights. This year marks the 10 year anniversary of World Intellectual Property Day, an event sponsored by the World Intellectual Property Organization, and is celebrated with various events in each participating country. This year’s theme is “Innovation – Linking the World” proving that strong property rights do indeed bring nations together.

According to the WIPO, World IP Day seeks to:

  • raise awareness of how patents, trademarks, and designs impact daily life;
  • increase understanding of how protecting IP rights helps promote creativity and innovation;
  • celebrate creativity, and the contribution made by creators and innovators to the development of societies across the globe; and
  • encourage respect for the IP rights of others.

Here at the Property Rights Alliance, we absolutely believe in the message of the WIPO. Strong intellectual property rights spur innovation, foster a competitive marketplace, and ultimately create a robust economic base from which countries can grow. The annual International Property Rights Index – a publication created with the cooperation of economic think tanks around the world – ranks nations based on the strength of their property rights laws and showcases IP success stories both in the US and abroad. Ultimately, the hope of the Property Rights Alliance and similar institutions around the world is that things like the IPRI and World IP Day will encourage nations everywhere to take another look at the benefits of property rights.