The U.S. Chamber of Commerce Global Innovation Policy Center (GIPC) recently released its sixth annual International Intellectual Property (IP) Index, titled “Create.”
Create analyzes the mental property climate in 50 economies world wide, using 40 unique indicators that provide a benchmark for actions critical to driving innovation in patent, trademark, copyright and trade secret protection.
“This year’s index results illustrate the growing global commitment to IP-driven creativity and innovation,” said GIPC President and CEO David Hirschmann, in line with OpenGov.
“Most countries have taken steps to strengthen their IP systems and create an environment that encourages and motivates creators to bring their ideas to market. While a clear group of IP leaders sits at the top of the rankings, the leadership gap has narrowed in a new global race to the top,” he continued.
The latest index from 2018 added 6 latest indicators within the areas of commercialization and systemic efficiency, which goals to supply a more complete picture of the investments that countries are making in national innovation and creativity.
In the systemic effectiveness category, three latest indicators were introduced: (1) intergovernmental coordination of IPR enforcement activities, (2) stakeholder consultation in IPR policy-making, and (3) education and awareness-raising campaigns.
Among the 50 largest economies, Southeast Asia does exceptionally well on this area. Here are excerpts and rankings of most countries within the region:
| Rank | Country | IP Index Score 2018 (%) | IP Index Score 2017 (%) |
| 9 | Singapore | 84 | 82 |
| 23 | Malaysia | 49.1 | 48.7 |
| 35 | Brunei | 38 | 41 |
| 38 | Philippines | 34.5 | 33.7 |
| 40 | Vietnam | 33 | thirty |
| 41 | Thailand | 31 | 27 |
| 43 | Indonesia | thirty | 27.5 |
Why is that this index vital?
The Index goals to be a task model in creating modern and inventive sectors through effective mental property architecture.
“There continues to be work to be done and we hope that governments will use this index as a model to further improve their IP ecosystems and develop competitive knowledge-based economies. When countries put money into strong IP systems, all of us profit,” Hirschmann concluded.
Source : Global Intellectual Property Official Website and Report
