The GIPC's report, titled "Unlocking Creativity: A Study of the Socioeconomic Benefits of Copyright," emphasizes the vital role of copyright in enhancing economic growth. With copyright-intensive industries contributing nearly 7.8% to the U.S. GDP and accounting for a significant percentage of employment, the study highlights how these protections incentivize original creative works and maintain high production quality. The report reveals a striking trade surplus in digitally deliverable services and warns that piracy threatens potential revenues that could be invested in innovative productions.
Copyright protections provide ownership interests incentivizing the dissemination of original works while ensuring that creators have a mechanism to ensure they are fairly compensated for uses of their works.
The U.S. Chamber of Commerce's Global Innovation Policy Center (GIPC) reports highlights that copyright-intensive industries account for nearly one-tenth of all U.S. employment.
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