A new world order
The United States has dominated the patent market since the 19th century. But with a weakening of patent rights and the steady march of globalisation, that pre-eminence is no longer assured. Welcome to the new multi-polar patent market
The United States is the undisputed cradle of the patent market. As the US economy grew to become the world’s largest, kindled by the spirit of innovation that suffused its burgeoning industries, so the value of US patents rose and owners realised there was money to be made from licensing their inventions to others.
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