Intellectual property rights regimes, their assets, and limitations

The role of intellectual property has become increasingly important in protecting creations of the mind and making day-to-day business decisions. Hence, if innovations are left unprotected, they can be exploited by competitors with capacity to commercialize them. This policy brief points out that lo...

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Autores principales: Luwedde, Justine, Taylor, Peter, Koo, Jawoo, Chambers, Judith A.
Formato: Brief
Lenguaje:Inglés
Publicado: Think7 2023
Materias:
Acceso en línea:https://hdl.handle.net/10568/130144
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author Luwedde, Justine
Taylor, Peter
Koo, Jawoo
Chambers, Judith A.
author_browse Chambers, Judith A.
Koo, Jawoo
Luwedde, Justine
Taylor, Peter
author_facet Luwedde, Justine
Taylor, Peter
Koo, Jawoo
Chambers, Judith A.
author_sort Luwedde, Justine
collection Repository of Agricultural Research Outputs (CGSpace)
description The role of intellectual property has become increasingly important in protecting creations of the mind and making day-to-day business decisions. Hence, if innovations are left unprotected, they can be exploited by competitors with capacity to commercialize them. This policy brief points out that lowand middle-income countries face intellectual property-related challenges compared to high-income countries due to inadequate intellectual property awareness, the high cost of processing patent applications, weak enforcement of intellectual property rights, and weak research and development capacity. Group of Seven (G7) countries are thus better positioned, as high-income countries, to lead globally on intellectual property enforcement, and leverage the flexibilities within the trade related aspects of intellectual property to support and encourage future technologies in low- and middle-income countries. We propose that G7 countries support the creation of equity- and rights-based awareness on intellectual property rights, the improvement of mechanisms and systems for enforcement, and investment in research and development via building local support to reduce costs.
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spelling CGSpace1301442025-08-14T19:07:37Z Intellectual property rights regimes, their assets, and limitations Luwedde, Justine Taylor, Peter Koo, Jawoo Chambers, Judith A. copyright income intellectual property rights patents research The role of intellectual property has become increasingly important in protecting creations of the mind and making day-to-day business decisions. Hence, if innovations are left unprotected, they can be exploited by competitors with capacity to commercialize them. This policy brief points out that lowand middle-income countries face intellectual property-related challenges compared to high-income countries due to inadequate intellectual property awareness, the high cost of processing patent applications, weak enforcement of intellectual property rights, and weak research and development capacity. Group of Seven (G7) countries are thus better positioned, as high-income countries, to lead globally on intellectual property enforcement, and leverage the flexibilities within the trade related aspects of intellectual property to support and encourage future technologies in low- and middle-income countries. We propose that G7 countries support the creation of equity- and rights-based awareness on intellectual property rights, the improvement of mechanisms and systems for enforcement, and investment in research and development via building local support to reduce costs. 2023-04-04 2023-04-25T17:42:30Z 2023-04-25T17:42:30Z Brief https://hdl.handle.net/10568/130144 en Open Access Think7 Luwedde, Justine; Taylor, Peter; Koo, Jawoo; Chambers, Judith A. 2023. Intellectual property rights regimes, their assets, and limitations. Think7 Policy Brief April 2023. https://www.global-solutions-initiative.org/publication/intellectual-property-rights-regimes-their-assets-and-limitations/
spellingShingle copyright
income
intellectual property rights
patents
research
Luwedde, Justine
Taylor, Peter
Koo, Jawoo
Chambers, Judith A.
Intellectual property rights regimes, their assets, and limitations
title Intellectual property rights regimes, their assets, and limitations
title_full Intellectual property rights regimes, their assets, and limitations
title_fullStr Intellectual property rights regimes, their assets, and limitations
title_full_unstemmed Intellectual property rights regimes, their assets, and limitations
title_short Intellectual property rights regimes, their assets, and limitations
title_sort intellectual property rights regimes their assets and limitations
topic copyright
income
intellectual property rights
patents
research
url https://hdl.handle.net/10568/130144
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