I agree with Mr. Henderson on that point. It's innovation that we should be concerned about. IP is a means to innovation, but not the only one. The distinction in the literature—and there is a huge literature on innovation—is that innovation has market value and intellectual property may or may not. It's just an output.
We have to be careful not to focus our policies on getting more intellectual property rights. We should focus on better IP, not more IP rights. Better IP will drive innovation, which has market value. That is what drives jobs and economic growth in all sectors—the knowledge economy, manufacturing, everything.