REVIEW AND CASE STUDIES OF INTELLECTUAL PROPERTY RIGHTS

Abstract

The present study adds to the ongoing
discourse regarding the function of
innovation and intellectual property rights
(IPRs) in developing countries' (DCs')
catch-up programs. We review the research
on four main areas. We start by going over
the evolutionary and neoclassical
theoretical underpinnings of innovation and
catch-up. Second, we look at the reasons
underlying some of the lags, especially with
regard to path dependency and the diversity
of convergence dynamics. The issue of how
to encourage innovation in DCs arises from
this. In the third and fourth points, we look
at the topics of industrial policies and IPR
protection. International organizations
frequently advise strengthening IPR
protection. The relevant literature, however,
demonstrates that their impact is highly
non-linear because the ideal level for DCs
is first low and subsequently rises as the
nations advance. This outcome holds up
well under a variety of models and
techniques. Ultimately, research indicates
that industrial policies have the potential to
play a significant role in stimulating
innovation in developing countries (DCs),
despite significant obstacles to their
implementation. These include the need to
target industrial policies appropriately and
the emergence of rent-seeking practices in
an institutionally decaying environment