Economics of Intellectual Property in the Context of a Shifting Innovation Paradigm: A Review from the Perspective of Developing Countries

Keun Lee, Jinyoung Kim, Junbyoung Oh, Kyoo ho Park

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

This paper discusses how the evolving nature of innovation has affected the way Intellectual Property Right (IPR) regime has affected economic growth in developing countries. Focusing more on utilization rather than protection of IPs for human society, it argues that the linkages from protection of knowledge to innovation incentives should be given more priority at the later stage of economic development when developing countries reach a certain level of technological capabilities. Despite the loose or open linkage between IP protection and economic growth, strong IP enforcement can still seriously decrease the catching-up probability of latecomer firms, especially small and medium-sized enterprises (SMEs). The lawsuits by patent trolls may be more damaging because cross-licensing or patent pooling strategy is not available at all as a settlement option. Thus, latecomer firms are facing heavier challenges than before, especially the SMEs with limited financial and human resources. In such circumstance, there can be a case for the active role of public policies and interventions.

Original languageEnglish
Pages (from-to)29-42
Number of pages14
JournalGlobal Economic Review
Volume42
Issue number1
DOIs
Publication statusPublished - 2013 Mar

Keywords

  • Developing Countries
  • IP (intellectual property)
  • Innovation
  • Inventor Mobility
  • Licensing
  • Patent Litigation

ASJC Scopus subject areas

  • Business and International Management
  • Economics, Econometrics and Finance(all)
  • Political Science and International Relations

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