Globalization, intellectual property, and economic prosperity

Globalization, intellectual property, and economic prosperity

Innovation and the adoption of new ideas is fundamental to economic progress, and so is free trade of goods and services. Herewe examine the underlying economics of the market for ideas and its implications for trade. From a positive perspective, we examine how such markets function and how international trade interact with them. From a normative perspective, we examine the pitfalls of current ...

Intellectual Property Rights and Economic Development

Intellectual Property Rights and Economic Growth

I study the role of intellectual property rights (IPRs) in a model of endogenous growth with sequential innovation. The model mimics the innovation process in hi-tech sectors where many of the techniques and products used in R&D are recent discoveries themselves. Depending on the structure of the patent system, some of these discoveries might still be protected by a patent. In this context IPRs...

Traditional medicine and intellectual property

Medical plants have a great value in traditional knowledge related to human health care both used whole plant or consisting in curative remedies. These valuable uses has been led to commercial use of medicinal plants and their derivatives which makes great benefits. Also there is a growing desire to use of completely natural materials as curative drugs around the world. These facts show up a gr...

Economic Foundations of Intellectual Property Rights

My work in the economics of innovation began some forty years ago. I realized, as I was beginning my work on the Economics of Information, that knowledge and information are very similar. In fact, you can view information as a particular kind of knowledge, and so the problems that I was analyzing at the time, such as how well the market economy deals with information, corresponded to the questi...