The recognition of intellectual property rights is integral to innovation systems and assumes even greater significance when products and services are traded in global markets. The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (the TRIPS Agreement) which was adopted at the conclusion of the Uruguay Round established for the first time a formal link between the regulation of the world trading system and intellectual property rights in internationally traded goods and services.
IP and Development– A Road Map for Developing Countries in the 21st Century
Written by Rami Olwan and Professor Brian Fitzgerald
Wednesday, 07 December 2011 11:47
The value of an intellectual property (IP) regime to a developing country (or for that matter a developed country) is the subject of increasing debate. On one side IP evangelists argue that IP laws can stimulate untold innovation and provide a foundation for economic progress. On the other side IP sceptics or abolitionists question whether IP laws really incentivise innovation or simply represent an unforeseen burden on social and economic development.