Discussion Question: 600 words.Considering the delicate balance between intellectual property rights and access to knowledge in international law, discuss the advantages and disadvantages of strong...

Last Name:    1
Name:
Professor:
Course:
Date:
Title: Intellectual Property Rights
Contents
Intellectual Property Rights and International Law    4
The Purposes and Components of Intellectual Property Rights    4
Endogenous IPRS    5
Positive Impacts of IPRS on Economic Development    5
Negative Impacts of IPRS on Economic Development    6
Evidence on the Overall Impact of IPRS on Growth    6
Work Cited    8
Intellectual Property Rights and International Law
The impact of intellectual property rights (IPRS) on the processes of economic growth and development is a complicated subject with numerous underlying factors. The one of a kind conditions in every country essentially affect how effective IPRS is in this regard. Indeed, even while economists are giving increasing consideration to this problem, the information that has been gathered so far is conflicting and disjointed, in part because many the ideas are difficult to evaluate. In principle, higher intellectual property protection regulations could either promote or restrain economic progress, as I address underneath. However, evidence is mounting that, whenever designed to encourage compelling and dynamic contest, stronger and more assured IPRS may perhaps help economic growth and animate advantageous specialized progress, increasing development prospects. Many concerns regarding the consequences for opportunities for economic growth surface as the world protection framework obtains stronger as a result of the implementation of the World Trade Organization-sponsored Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) (Roh, Lee and Yang). It is hard to say with confidence that the new regime would increase growth and improve the processes of economic development for a variety of reasons. There are two primary drivers behind this. First, the impacts of IPRS might be overshadowed by a variety of other factors that affect development.
The Purposes and Components of Intellectual Property Rights
Any intellectual property protection regime should have two primary economic goals. The first is to grant restrictive rights to utilize and market recently created products, services, and innovation to encourage interests in knowledge development and...