By Meir Perez Pugatch
Highbrow estate (IP) has turn into some of the most influential and arguable matters in today’s knowledge-based society. This tough ebook exposes the reader to key concerns on the center of the general public debate now happening within the box of IP. It considers IP on the macro point the place it impacts many matters. those comprise: overseas alternate coverage, possession of leap forward applied sciences, overseas direct funding, innovation climates, public-private partnerships, pageant principles and public overall healthiness the place it really is strongly embedded in modern company decision-making. Meir Pugatch has assembled a global and various solid of contributing authors, who supply new insights right into a large span of the main urgent IP-related matters. They make clear the expanding dominance of IP within the layout and execution of easy and utilized study, the review of intangible resources, and the safety and administration of information resources, underscoring its value when it comes to nationwide fiscal improvement concepts and company innovations of knowledge-based industries and firms. The highbrow estate Debate should be of attract students, practitioners, and govt officers attracted to the fields of overseas exchange and highbrow estate coverage, highbrow estate legislation, know-how move and valuation, and overseas enterprise.
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Extra info for The Intellectual Property Debate: Perspectives from Law, Economics And Political Economy (New Horizons in Intellectual Property)
Example text
In Egypt, the fixed costs were estimated at $800 000 with additional annual training costs of around $1 million. To some extent these costs could be defrayed from registration fees, but it is questionable whether resources should be diverted from over-burdened health and education budgets to subsidize the administration of intellectual property rights. Scarce engineers and lawyers have to be employed as patent and trademark examiners. Resources have to be devoted to their training. 33 26 Trade, investment and enforcement policies of IPRs One practical example will suffice.
When the nature of an invention cannot be kept secret, inventors, in the absence of a patent system, are likely to have difficulty in obtaining a return on resources they invest in making an invention. As soon as the invention appears on the market, imitators can discover its secret; and in the absence of a patent system can offer their version for sale, limiting or eliminating the means by which the original inventor can profit from the invention. Hence, in the absence of a patent system, the socially valuable activity of invention is likely to be under-rewarded, and therefore to be undersupplied, in comparison with an ideal allocation of resources.
Patents, therefore, may well be the best available means of addressing the problem of insufficient returns to invention. That does not mean, however, that formulation of public policy should ignore their deficiencies and problematic features. Optimal Patent Term Why do we only have a 20-year patent term? If the patent system is as valuable as its proponents insist, why not a 50-year term or a 100-year term? Advocates of the system sometimes talk about ‘trade-offs’, but often leave the nature of the trade-off poorly specified.