US-Based Global Intellectual Property Creation: An Analysis
States competing for economic and productivity growth in today's economy will focus not only on fostering innovation, but also on building the knowledge base of tehir citizenry and infrastructure to support entrepreneurial businesses.
Global protection of intellectual property has become increasingly important to U.S. industry and universities, the primary sources of patented inventions in this country. In response to the need for international intellectual property protection and the burden of filing separate patent applications in multiple countries, the Patent Cooperation Treaty (PCT), administered by the World Intellectual Property Organization (WIPO), made it possible to seek patent protection for an invention in more than one hundred countries simultaneously by filing a single, international patent application.
Given the importance of global intellectual property protection to continued innovation and growth in the United States, an inquiry into trends in U.S. PCT applications offers a unique lens on technological change in this country and on the country’s role in global intellectual property creation. Dedicated to investigating and understanding the rapidly evolving dynamics of globalization, the Global Engineering and Entrepreneurship @ Duke group conducted this extensive analysis of U.S. PCT filing activities to learn about innovation in this country that has high global utility.