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Future of Canada and the World Webinar Series

The Future of the Intangibles Economy

In today’s global economy, intangible assets are more salient than tangible. This is particularly true in the USA, although China is not far behind. New business models and old forms of intellectual property (patents, trade secrets etc) are becoming very important for value capture, especially for independent inventors, entrepreneurs, and small to mid-sized firms. Meanwhile, the IP system is under attack, often by economists and big tech, the former because they don’t understand it well. Big tech is often schizophrenic and, in the future, will need to be more consistent in support of the system. Geopolitical dimensions will also become more salient as China and the USA have become strategic competitors.

David Teece is a Professor in Global Business and the Director of the Tusher Initiative for the Management of Intellectual Capital at the Haas School of Business at the University of California, Berkeley. He is a leading global authority on matters related to industrial organization, technological change, and innovation, particularly as it relates to antitrust and competition policy and intellectual property. He has a PhD in economics from the University of Pennsylvania and has held teaching and research positions at Stanford University and Oxford University. He also holds eight honorary doctorates.

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