Counterfeiting, Piracy and the Swiss Economy
The Swiss economy is innovative and knowledge-intensive. Consequently, it relies heavily on intellectual property rights. Swiss industries are also export-oriented and solidly integrated in the global economy. At the same time, the threats of counterfeiting and piracy are growing, and Swiss industries are vulnerable. This report measures the direct economic effects of counterfeiting on Swiss industry and the Swiss government. It estimates the impact of the global trade in fake products that pose as “Swiss made” in terms of lost jobs, forgone profits and lower tax revenues.
Preface
Switzerland’s performance in innovation is among the best in the world, driven by strong research-intensive institutions in both the private and public sector. Hereby, intellectual property (IP) plays a key role, as the valuable goods and services produced by this knowledge-based economy benefit considerably from IP protection. As an open economy, Switzerland participates in global markets and is firmly integrated in the world economy. These factors have contributed to the nation’s economic growth and high living standards. At the same time, they can expose Switzerland to the dangers of counterfeiting and piracy.