Intellectual property has evolved from a collection of legal rights to now being a major asset that performs independently, when compared to other assets. Has this evolution changed the way in which IP performs relative to economic change?
Last week the World Intellectual Property Organisation (WIPO) released statistics for each country’s registered IP trends against GDP and other indicators. Registered IP includes patent, trade mark and design registrations.
These statistics show that the rate of growth of registered IP in the major economies have had a marked decrease: that is, the growth in the number of patents, trade marks and design rights filed has fallen from 2008 onwards. WIPO’s mapping of registered IP filings against GDP, shows registered IP filings to be much more volatile and extreme when compared to change in GDP. Continue reading