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|Author:||Keith E Maskus||Language:||English|
|Publication Year:||2000||Title:||Intellectual Property Rights in the Global Economy|
|Over the past 15 years, intellectual property rights (IPRs)-patents, copyrights, and trademarks-have moved from an arcane area of legal analysis and a policy backwater to the forefront of global ecomic policymaking. In the 1990s dozens of countries unilaterally strengthened their laws and regulations in this area, and many others are poised to do likewise. At the multilateral level, the successful conclusion of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs) in the World Trade Organization elevates the protection and enforcement of IPRs to the level of solemn international commitment. The new global IPR system comes with both benefits and costs. Stronger IPRs protection should increase incentives for invation and raise returns to international techlogy transfer. However, it also could raise the costs of acquiring new techlogy and products, shifting the global terms of trade in favor of techlogy producers and against techlogy consumers. In this context, the new regime raises international ecomic policy questions that evoke impassioned and exaggerated claims from both advocates and opponents of IPRs, particularly concerning sensitive issues such as patent protection of pharmaceuticals and biotechlogical inventions, and copyright protection for internet transactions. In the first comprehensive ecomic assessment of the effects of stronger international IPRs, Keith E. Maskus examines these competing claims through an analysis of the ecomic effects of extended international protection and partial harmonization of IPRs. He presents findings on the potential effects of stronger global IPRs, including likely impacts on foreign direct investment, techlogy transfer, and pricing under enhanced market power. The results bear directly on several important policy questions, including the construction of complementary initiatives on market liberalization and competition rules, and Maskus discusses whether priority attention should be devoted to them in the upcoming next round of global trade talks.|
|Publisher||The Peterson Institute for International Economics|
|eBay Product ID (ePID)||94405616|
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|Author(s)||Keith E. Maskus|
|Place of Publication||Washington|
|Author Biography||Keith E. Maskus, visiting fellow at the Peterson Institute for International Economics, is professor of economics and associate dean for social sciences at the University of Colorado, Boulder. He is also a fellow at the Kiel Institute for World Economics and an adjunct professor at the University of Adelaide. He is author of Private Rights and Public Problems: The Global Economics of Intellectual Property in the 21st Century (2012).|
|Country of Publication||United States|
|Subject||National Law: Professional|
|Imprint||Institute for International Economics,U.S.|
|Date of Publication||30/09/2000|
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