Quantifying Trade Secret Theft: Policy Implications

CIGI Paper No. 253

May 10, 2021

Trade secret theft is estimated to cost hundreds of billions of dollars annually. As a result, governments worldwide are developing legislation to mitigate these losses. This paper looks at the growing importance of trade secrets globally, corporations’ responsibilities to protect their trade secrets and how trade secret theft occurs (for example, through cybertheft or personnel movement between companies). The authors argue that protecting intellectual property rights must not come at the expense of the innovation-intensive economy. 

About the Authors

Dan Ciuriak is a senior fellow at CIGI, where he is exploring the interface between Canada’s domestic innovation and international trade and investment. He is the director and principal of Ciuriak Consulting, Inc.

Maria Ptashkina is an economics Ph.D. candidate at Pompeu Fabra University in Barcelona, Spain. Her main research interests include macroeconomics, international economics and trade policy.