On December 4, 2015 DIGITALEUROPE hosted a workshop with the European Center for International Political (ECIPE) and SIIA on a recent ECIPE report written by Erik van der Marel. Van der Marel explains the importance of “complementary policy” in unleashing greater productivity growth resulting from the use of Information and Communications Technology (ICT) in the EU. By complementary policy, ECIPE means especially trade freedom, product market regulations, non-resident patent filings, general property rights protection, the strength of legal rights in general, R&D spending (particularly from abroad), and a number of other factors. The special importance of trade openness (including data flows), investment openness (R&D investments and patent applications financed from abroad), and intellectual property rights (IPRs) is no surprise to SIIA. Policymakers should review Van der Marel’s document carefully.
The OECD’s Digital Economy Outlook, which was released yesterday, confirms the economic and social importance of software, information technology and digital content. Key findings include: