The skyscraper is another idea. Of course, people cannot survive on ideas or information alone, but innovation in such areas as medicine and agriculture contribute to both wealth and well-being. Ideas in the form of digital text, images and sounds increasingly span the globe at lightspeed. Tools to create and manipulate economically and culturally important information are ever cheaper and easy to use. Entrepreneurs working with ideas and information need only a fraction of the resources required to make and distribute kitchen appliances, much less automobiles.
Success is less determined by access to large amounts of cash.
Entire countries can mine the wealth of cyperspace. Those without extensive natural resources or key locations on major shipping routes may find this vitally important. IPRs Encourage Innovation Cyberspace is intangible. Its contents cannot be fenced in or locked up. Still, innovative individuals and firms need incomes and often need to attract further private investment.