ATS3760 Lecture Notes - Lecture 5: Southeast Asia, Mass Media, Digital Goods
25 Aug 2018
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Document Summary
The period since the mid-1990s has seen sweeping and globalized reforms in the laws and standards protecting intellectual property rights. Inventions in medicines, biotechnology, and agricultural life sciences, while increasingly expensive to develop, remain subject to rapid imitation and generic competition in some countries. Advocates of strong iprs protection argue that incentives to invest in new technologies and products in these related sectors must be strengthened in lockstep with technical change. Economic globalization has greatly increased the international flows of technology, whether through trade in goods, foreign direct investment or licensing to both affiliates and unrelated firms around the world. All of these technologies bear some combination of patents, copyrights, trade secrets. In recent decades, global competition increasingly has focused on the development of intellectual assets that support the growth of quality-differentiated products. A culture has developed in many advanced nations supporting the propertisation and ownership of nearly any intellectual creation, however basic and obvious.
