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ogy. The United States has made virtually all the key inventions and technology developments. Almost all of the key products and devices, however—including displays, imaging devices, copiers, printers, facsimile terminals, lasers for communications, audio compact discs, optical memories, product scanners for point of sales terminals, and devices for many military applications—are made mainly overseas. It will not be easy to turn this situation around unless investment in R&D and manufacturing in electronics, particularly optoelectronics, is increased. Obviously, there are many options for increasing domestic investment and all must be explored, but one factor we can control is to improve the ability of issued patents to hold up under litigative scrutiny, thus making investment in new products more attractive. Given that protection of proprietary information is important if investments in R&D are to be made and that entrepreneurial activity must also be encouraged, it is important to find the correct balance of IPR law that encourages investment in both large and small companies.



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