The international regulation of intellectual property

The International Regulation of Intellectual Property. -- The WTO Agreement on Trade-Related Intellectual Property Rights (TRIPS) will usher in a markedly stronger global system of defining and protecting intellectual property rights (IPRs). This paper first discusses the concept of intellectual pro...

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Bibliographic Details
Published in:Review of world economics 1998-01, Vol.134 (2), p.186-208
Main Author: Maskus, Keith E
Format: Article
Language:English
Subjects:
Economic theory
Global economy
Innovation
Intellectual property
International investment
International law
International trade
Property rights
Regulation
World Trade Organization
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Summary:The International Regulation of Intellectual Property. -- The WTO Agreement on Trade-Related Intellectual Property Rights (TRIPS) will usher in a markedly stronger global system of defining and protecting intellectual property rights (IPRs). This paper first discusses the concept of intellectual property and the need for its protection and regulation. It presents evidence on the wide variations in IPRs across countries and discusses how TRIPS will affect these differences. Theoretical predictions about how this stronger system will influence global trade, investment, and technology innovation and diffusion are ambiguous, but limited empirical evidence suggests a modest positive effect overall. However, the distribution of costs and benefits will vary.[PUBLICATION ABSTRACT]
ISSN:0043-2636
1610-2878
1610-2886
DOI:10.1007/BF02708092