The Trend Setter in the Weightless Economy

Oxfirst research used by U.K. Government in the debate to change copyright law:

The economic impact of fair use in Singapore

Flexible fair use policy positively influences growth rates. Our results show that, prior to fair use amendments, the private copying industries in Singapore were in recession. After fair use amendments, this group experienced a rapid increase in growth rates and continued to exhibit strong growth over the five year period. In 2010, five years after the policy intervention, Singapore’s fair use amendments are correlated with a 3.33% increase in value-added (as % of GDP) for private copying technology industries. Prior to the amendment of fair use policies, private copying technology industries experienced - 1.97% average annual growth. After the changes were introduced, the same industries enjoyed a 10.18% average annual growth rate. This resulted in a total increase of € 2.27 billion in value-added for private copying technology industries in that period. Crucially, the control group, a set of technology manufacturers/services, was not significantly affected by the fair use amendments in Singapore.