Protection and Promotion of Intellectual Property Rights (IPR) for Economic Competitiveness and Growth

2022 ◽  
pp. 147-156
Author(s):  
Puneet Kumar ◽  
Abdul Sattar A. Al-Ausi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
Small Businesses ◽  
Technology Intelligence ◽  
Economic Competitiveness ◽  
The World

The intellectual property they possess of an innovative technological invention that they have created is the only thing that matters to certain small businesses. IPR has genuinely grown as an “intellectual currency,” aiding in the advancement of global economic development, corporate prosperity, and creativity. In many fields of technology, intelligence, and culture, governments around the world are searching for ways to develop their economies, assist their people, and create national capabilities. This chapter discusses and describes the importance of intellectual property (IP) rights in achieving these vital objectives. This chapter will also offer an empirical summary of how a successful intellectual property rights regime can support or impede economic growth (IPRS).

scholarly journals Intelektuālā īpašuma aizsardzības loma valstu ekonomikas izaugsmē

2021 ◽  
Vol 1 (19) ◽  
pp. 139-151
Author(s):  
Liene Vindele
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
Policy Makers ◽  
Innovative Products ◽  
Effective Use

Ņemot vērā intelektuālā īpašuma politikas attīstību, uzņēmumi arvien biežāk izstrādā intelektuālā īpašuma stratēģijas, lai varētu iegūt arvien lielāku labumu no to izstrādātajiem inovatīvajiem produktiem. Ir pierādīts, ka uzņēmumi, kuri savā darbībā izmanto intelektuālo īpašumu, ir ekonomiski konkurētspējīgāki, un tas paaugstina arī valsts konkurētspēju. Mūsdienās inovācijām un to efektīvai izmantošanai uzņēmuma attīstībā ir izšķiroša nozīme ne tikai paša uzņēmuma, bet arī valsts konkurētspējai. Tādēļ politikas veidotāji, lai veicinātu inovāciju un ekonomisko izaugsmi, cenšas pilnveidot intelektuālā īpašuma regulējumu. Lai arī jau gadsimtiem ilgi tiek atzīts, ka intelektuālā īpašuma tiesību aizsardzība ir svarīga ekonomiskajai attīstībai un inovācijām, tomēr pārkāpumu un viltojumu skaits katru gadu turpina palielināties, radot miljoniem eiro lielus zaudējumus. Today, innovations and their effective use in the development of the company are crucial not only for the competitiveness of the company itself, but also for the competitiveness of the country. Recent research shows that, as intellectual property policies evolve, companies are increasingly developing intellectual property strategies in order to benefit more and more from the innovative products they develop. In addition, these companies, which use intellectual property in their operations, are more economically competitive, which also increases the country’s competitiveness. That way, policy makers seek to improve the regulation of intellectual property in order to foster innovation and economic growth. However, although the protection of intellectual property rights has been recognised for centuries as important for economic development and innovation, the number of infringements and counterfeits continues to rise every year, causing millions of losses.

scholarly journals Effects of patents on the transition from stagnation to growth

2019 ◽  
Vol 33 (2) ◽  
pp. 395-411 ◽  
Author(s):  
Angus C. Chu ◽  
Zonglai Kou ◽  
Xilin Wang
Keyword(s):  
Economic Growth ◽  
Intellectual Property ◽  
Property Rights ◽  
Population Size ◽  
Intellectual Property Rights ◽  
Growth Model ◽  
Patent Protection ◽  
Theoretic Analysis ◽  
Schumpeterian Growth ◽  
Long Run

Abstract This study provides a growth-theoretic analysis of the effects of intellectual property rights on the take-off of an economy from an era of stagnation to a state of sustained economic growth. We incorporate patent protection into a Schumpeterian growth model in which take-off occurs when the population size crosses an endogenous threshold. We find that strengthening patent protection has contrasting effects on economic growth at different stages of development. Specifically, it leads to an earlier take-off but also reduces economic growth in the long run.

Foreign Direct Investment and Trade Related Intellectual Property Rights (TRIPS): The Case of Latin American & Caribbean Developing Economies

2018 ◽  
pp. 1-17
Author(s):  
Mumtaz Hussain Shah
Keyword(s):  
Economic Development ◽  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
Latin American ◽  
Developing Economies ◽  
Intellectual Property Right ◽  
Market Size ◽  
Annual Data ◽  
Macroeconomic Stability

The growing share of knowledge-intensive products in international trade and the increasing sensitivity of multinational firms to intellectual property theft make it imperative to analyse the effect of IPR promulgation on their FDI decision. In this perspective the current article gauge the importance of Trade Related Intellectual Property Rights (TRIPS) agreement under World Trade Organisation (WTO) in increasing a Latin American & Caribbean (LAC) developing economy’s appeal for investors from abroad. Infrastructure and skilled labour availability, market size, macroeconomic stability, economic development, and trade liberalization are also considered. Time-invariant phenomena such as access to the sea, regional affiliations/proximities, income groupings and ability to speak one of the international languages, though desirable were not done because fixed effect panel estimation technique does not permit the use of dummy variables. Due to the 2008-2009 recession in the developed economies, the available investment funds withered, making the investors’ sceptic apropos the safety of their tangible and intangible property, especially in the developing world, causing a decrease in FDI to these nations in general. However, LAC countries were somewhat resilient and received a steadily increasing flow of foreign investment. Thus, it demands to analyse the factors that overcame the overseas investors’ scepticism and prompted them to invest in the LAC region. By utilizing annual data for 28 years that is 1989-2016 from 24 LAC developing nations it is found that infrastructure and human capital availability, macroeconomic stability, economic development, strengthening and worldwide harmonization of intellectual property right standards through TRIPS positively effects the overseas investor's investment decision. The host population used to measure market size is found to be insignificant when tested with other conventional FDI location pull factors. Similarly, liberalization, consistent with horizontal FDI theory, exerts a significant negative effect on inward FDI.

scholarly journals Effective factors to encourage the foreign direct investment in Iraq

2018 ◽  
Vol 162 ◽  
pp. 02038
Author(s):  
Shahla Mohammad Ali
Keyword(s):  
Foreign Direct Investment ◽  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
World Bank ◽  
Direct Investment ◽  
Banking System ◽  
Effective Factors ◽  
World Bank Report ◽  
The World

Foreign direct investment in Iraq cannot take its complete role for different reasons, such as: Lack of security, Corruption, Lack of Transparency, Unequipped banking system, undeveloped arbitration law, Intellectual Property Rights (IPR) issue, and internal disputes over oil rights. It was found that Iraq rates as one of the worst places in the world to do business, languishing at 166 out of 183 countries, according to a World Bank report and for starting a business Iraq ranks even lower

scholarly journals The COVID-19 Vaccine and the Future of International Laws in Business, Travel, and Trade

2021 ◽  
Vol 8 (2) ◽  
pp. 183-198
Author(s):  
Melanie Lane
Keyword(s):  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
Business Travel ◽  
The World ◽  
The Future ◽  
International Laws ◽  
New Challenges ◽  
Current Systems

Since COVID-19, the world has been constantly evolving to adapt. Finding a cure quickly became the focus worldwide which altered set approaches to intellectual property rights. Additionally, creating a controversial vaccine has led to several more questions for the future. With varying vaccines and standards throughout the world, travel, business, and trade may face new challenges which change the current systems.

scholarly journals Not Tripping over TRIPS: An Analysis of Necessity and Legality of the COVID-19 TRIPS Waiver Proposal

2022 ◽  
Vol 10 (5) ◽  
pp. 61-65
Author(s):  
Ahan Gadkari ◽  
◽  
Sofia Dash ◽  
Keyword(s):  
South Africa ◽  
Intellectual Property ◽  
Property Rights ◽  
World Trade Organization ◽  
Intellectual Property Rights ◽  
World Trade ◽  
Vaccine Development ◽  
Pharmaceutical Manufacturing ◽  
The World ◽  
Fair Distribution

The availability of vaccinations against COVID-19 provides hope for containing the epidemic, which has already claimed over 2.84 million lives. However, inoculating millions of individuals worldwide would need large vaccine manufacturing followed by fair distribution. A barrier to vaccine development and dissemination is the developers' intellectual property rights. India and South Africa have jointly sought to the World Trade Organization that certain TRIPS rules of COVID-19 vaccines, medicines, and treatments be waived. This piece argues for such a waiver, highlighting the unique circumstances that exist. It believes that TRIPS's flexibilities are inadequate to cope with the present epidemic, particularly for nations without pharmaceutical manufacturing competence.

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