{"id":169,"date":"2012-05-31T19:56:28","date_gmt":"2012-05-31T19:56:28","guid":{"rendered":"http:\/\/blogs.nd.edu\/patentlaw\/?p=169"},"modified":"2012-05-31T19:56:28","modified_gmt":"2012-05-31T19:56:28","slug":"the-value-of-american-ideas","status":"publish","type":"post","link":"https:\/\/sites.nd.edu\/patentlaw\/2012\/05\/31\/the-value-of-american-ideas\/","title":{"rendered":"The Value of American Ideas"},"content":{"rendered":"

What comes to mind when you think of American exports? Cadillacs? Doritos? Those are easy, but you may not consider services like finance and education, and you probably don\u2019t think of American ideas <\/em>either. But as shown on the chart below, intellectual property falls under the \u201cRoyalties and Licensing\u201d bubble, and makes up a big chunk of American GDP.<\/p>\n

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Source: Bureau of Economic Analysis Credit: Lam Thuy Vo \/ NPR<\/p><\/div>\n<\/dd>\n<\/dl>\n<\/div>\n

According to NPR\u2019s Planet Money<\/a>, American ideas bring in about $105.6 billion from overseas. And as illustrated in the next breakdown, the lion\u2019s share of these monies comes from \u201cSoftware\u201d and \u201cIndustrial Processes\u201d\u2014both of which depend on patent protection to ensure the intellectual property is not being abused, and the developer is getting their fair share of compensation from use.<\/p>\n

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Source: Bureau of Economic Analysis Credit: Lam Thuy Vo \/ NPR<\/p><\/div>\n

“Industrial processes” comprise anything from medicine and drug formulas to trade secrets and technology in manufacturing. It all goes to show that intellectual property, while it may be as intangible as a thought, idea, or simple moment of inspiration, is a big, global business\u2014a business that needs individuals like you to be a part of!<\/p>\n","protected":false},"excerpt":{"rendered":"

While it may be as intangible as a thought, idea, or simple moment of inspiration, intellectual property is a big, global business that needs individuals like you to be a part of! Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":543,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29577],"tags":[29580,12645,29581,12706,29582],"class_list":["post-169","post","type-post","status-publish","format-standard","hentry","category-patent-agent-jobs","tag-career-outlook","tag-employment","tag-ip","tag-jobs","tag-trends"],"_links":{"self":[{"href":"https:\/\/sites.nd.edu\/patentlaw\/wp-json\/wp\/v2\/posts\/169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.nd.edu\/patentlaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.nd.edu\/patentlaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/patentlaw\/wp-json\/wp\/v2\/users\/543"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/patentlaw\/wp-json\/wp\/v2\/comments?post=169"}],"version-history":[{"count":5,"href":"https:\/\/sites.nd.edu\/patentlaw\/wp-json\/wp\/v2\/posts\/169\/revisions"}],"predecessor-version":[{"id":176,"href":"https:\/\/sites.nd.edu\/patentlaw\/wp-json\/wp\/v2\/posts\/169\/revisions\/176"}],"wp:attachment":[{"href":"https:\/\/sites.nd.edu\/patentlaw\/wp-json\/wp\/v2\/media?parent=169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.nd.edu\/patentlaw\/wp-json\/wp\/v2\/categories?post=169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.nd.edu\/patentlaw\/wp-json\/wp\/v2\/tags?post=169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}