February 17, 2012
Intellirights appreciates Stephen Siwek of Economists Inc. for sharing insights on some of the key economic issues raised by counterfeiting and piracy. His recent report, Copyright Industries in the U.S. Economy: The 2011 Report, discusses the economic impact and contributions of U.S. copyright industries to U.S. Gross Domestic Product (GDP), employment, and trade. His research and interview comments counter the notion that counterfeiting and piracy are harmless, victimless activities.
As noted in our November 2011 story announcing the release of his report, Siwek’s research points out that “core” copyright-based accounted for $931.8 billion of 6.36 percent of U.S. GDP industries based in 2010, and nearly 5.1 million workers, or 3.93 percent of all U.S. workers and 4.75 percent of all private workers in 2010.
His work also shows that sales of U.S. copyright products in overseas markets amounted to $134.0 billion in 2010, a significant increase over previous years. (This number, according to IIPA, far exceeds foreign sales of other U.S. industries such as aircraft ($77.5 billion), automobiles ($49.8 billion), agricultural products ($60.2 billion), food ($51.9 billion) and pharmaceuticals ($36.4 billion).
Siwek’s report was underwritten by the International Intellectual Property Alliance (IIPA), whose members include:
To learn more about Stephen Siwek and Economists Inc., please click here.
To learn more about IIPA, please click here.
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