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Observations on Efforts to Quantify the Economic Effects of Counterfeit and Pirated Goods

The value of the UK LCEGS sector was £106.5 billion in 2007/8. In terms of size, this puts the low carbon and environmental economy somewhere between the UK’s healthcare and construction sectors. The UK is the world’s sixth largest low carbon and environmental economy, with 3.5% of global market share. As shown in Figure 2, the Environmental sector accounts for £22.3 billion (21%) of total UK market value, Renewable Energy for £31.1 billion (29%), and the Emerging Low Carbon sector for £53.3 billion (50%). The ‘newer’ sectors of Renewable Energy and Emerging Low Carbon are therefore significantly higher in value than the more established Environmental sector. . | United States Government Accountability Office GAO Report to Congressional Committees April 2010 INTELLECTUAL PROPERTY Observations on Efforts to Quantify the Economic Effects of Counterfeit and Pirated Goods GAO Accountability Integrity Reliability GAO-10-423 April 12 2010 À GAO Accountability Integrity Reliability Highlights INTELLECTUAL PROPERTY Observations on Efforts to Quantify the Economic Effects of Counterfeit and Pirated Goods Highlights of GAO-10-423 a report to congressional committees Why GAO Did This Study In October 2008 Congress passed the Prioritizing Resources and Organization for Intellectual Property Act of 2008 PRO-IP Act to improve the effectiveness of U.S. government efforts to protect intellectual property IP rights such as copyrights patents and trademarks. The act also directed GAO to provide information on the quantification of the impacts of counterfeit and pirated goods. GAO 1 examined existing research on the effects of counterfeiting and piracy on consumers industries government and the U.S. economy and 2 identified insights gained from efforts to quantify the effects of counterfeiting and piracy on the U.S. economy. GAO interviewed officials and subject matter experts from U.S. government agencies industry associations nongovernmental organizations and academic institutions and reviewed literature and studies quantifying or discussing the economic impacts of counterfeiting and piracy on the U.S. economy industry government and consumers. GAO is making no recommendations in this report. What GAO Found According to experts and literature GAO reviewed counterfeiting and piracy have produced a wide range of effects on consumers industry government and the economy as a whole depending on the type of infringements involved and other factors. Consumers are particularly likely to experience negative effects when they purchase counterfeit products they believe are genuine such as pharmaceuticals. Negative effects on U.S. industry may include