A key to economic growth is participating in functioning markets, and markets do not function without property protection. Indeed, markets are created and facilitated by property rights.

Intellectual property (IP), or the protection of specific inventions, creations and innovations, has always been a key to economic growth. But in today's information economy, intellectual property is a more important driver of economic growth than ever before. Hence, because of our strong emphasis on economic growth, IPI believes that intellectual property protection should be a key policy priority for policy makers.

Ironically, today intellectual property is under attack as never before by a cadre of law professors, activists, and the economically naive who believe that somehow intellectual property is a barrier to innovation.

So IPI is increasingly making intellectual property protection one of our key policy priorities.

And while IP protection is obviously important to developed economies such as those of the United States, Europe, and Asia, intellectual property is also a key engine of economic opportunity for creators and innovators in developing countries. So IPI is engaged in the defense of intellectual property protection at the international level as well.

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