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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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togrok
To: Maurice Winn who wrote (1918)2/19/2019 8:22:36 AM
From: elmatador1 Recommendation   of 13800
 
the theft “the greatest transfer of wealth in history”

In a similar vein, firms in the IP-intensive US economy are increasingly being deterred from entering R&D or co-development alliances with Chinese firms due to the significant losses that this has incurred for firms.

In 2009, losses of approximately $48.2 billion in sales, royalties or license fees due to IPR infringement in China were reported. This estimate falls within a broad $14.2 billion to $90.5 billion range because many firms were unable to calculate exact losses.

Of the $48.2 billion in total reported losses in 2009, approximately $36.6 billion (75.9%) was attributable to lost sales, while the remaining $11.6 billion was attributable to a combination of lost royalty and license payments as well as other unspecified losses (Commission on the Theft of American Intellectual Property, 2013).

In 2010, Commander of the U.S. Cyber Command and Director of the National Security Agency, General Keith Alexander, stated: “Our intellectual property here is about $5 trillion. Of that, approximately $300 billion [6%] is stolen over the networks per year”. He later called the theft “the greatest transfer of wealth in history” (Commission on the Theft of American Intellectual Property, 2013).
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