[vertig0h]

This is a shortsighted view. Evidence from many other industries with weak property rights contradicts your point. Nigeria's film industry is unable to allocate significant resources to film production in large part because Nigeria's government is incapable of enforcing copyright on behalf of the filmmakers.

Stealing IP does have an impact on capital allocation.

[megablast]

Doesn't Nigeria make more films than everyone else? I am not sure how this supports your point? There is no way Nigeria will put in the money that the US does.

[chillacy]

Actually sort of true, though I might say a better example is Singapore, which attracts business in part because it has the strongest legal system and lowest corruption of the countries in southeast asia.