
On November 10, 2010, Official announcement had been made to the effect that Professor Ian Hargreaves shall lead an independent review into how the intellectual property system in the United Kingdom can better drive growth and innovation. UK Intellectual Property Minister Baroness Wilcox had revealed the review would be led by the current chair of Digital Economy at the Cardiff School of Journalism, Media and Cultural Studies and Cardiff Business School. The review had been launched by UK Prime Minister David Cameron during a speech to an audience of high tech businesses and entrepreneurs in London’s East End.
See also my earlier posting here.
Today, the Review has been published.
According to the Report's own wording, the Review’s specific recommendations would support growth of the UK’s increasingly intangibles intensive economy. Mr Hargreaves is convinced this requires:
- An efficient digital copyright licensing system, where nothing is unusable because the rights owner cannot be found;
- an approach to exceptions in copyright which encourages successful new digital technology businesses both within and beyond the creative industries;
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a patent system capable of preventing heavy demand for patents causing serious barriers to market entry in critical technologies;
- reliable and affordable advice for smaller companies, to enable them to thrive in the IP intensive parts of the UK economy;
- refreshed institutional governance of the UK’s IP system which enables it to adapt organically to change in technology and markets.
In Mr Hargreaves' words, IP law must adapt to change. Digital communications technology involves routine copying of text, mages and data, meaning that copyright law has started to act as a regulatory barrier to the creation of certain kinds of new, internet based businesses. If the Review’s recommendations are acted upon, the result will be stronger rates of innovation and increased economic growth. An economic impact assessment conducted by the Review team, and of course subject to the high degree of uncertainty inherent in such projections, estimates that this would add between 0.3 per cent and 0.6 per cent to annual GDP growth. The path laid down in the Review would also, over time, mean that IP law, including copyright law, would become clearer and be observed by most people without controversy.
In summary, the Review appears to be an attempt to restore common sense in IP politics, steering away from IP maximisation extremism as well as from IP abolitionist views.