TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh
Least-developed countries (LDCs) like Bangladesh could benefit from increasing demand and appropriate intellectual property rigths (IPRs) especially for patented agricultural and pharmaceutical goods. IPRs protection could be used as a vehicle for economic development through trade.1 By appropriatin...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Aalborg University Open Publishing
2010-01-01
|
| Series: | Nordic Journal of Commercial Law |
| Online Access: | https://130.225.53.24/index.php/NJCL/article/view/3016 |
| _version_ | 1797230030350188544 |
|---|---|
| author | Mohammad Towhidul Islam |
| author_facet | Mohammad Towhidul Islam |
| author_sort | Mohammad Towhidul Islam |
| collection | DOAJ |
| description | Least-developed countries (LDCs) like Bangladesh could benefit from increasing demand and appropriate intellectual property rigths (IPRs) especially for patented agricultural and pharmaceutical goods. IPRs protection could be used as a vehicle for economic development through trade.1 By appropriating rights, the country could use its comparative advantage of reverse-engineering, adding value through adaptation of existing technology goods (knowledge goods) accessed in formal and non-formal means. However, as a part of ensuring economic benefits to innovators, the World Trade Organization (WTO) Agreement on Trade-Related Aspects of Intellectual Property (TRIPS)2 obliges its members, irrespective of their level of development, to offer strict IPRs protection in knowledge goods, including comprehensive control on technology diffusion. In theory, protection aims to foster beneficial technological development furthering innovation and increasing economic growth.3 |
| first_indexed | 2024-04-24T15:22:00Z |
| format | Article |
| id | doaj.art-0f4087371cfd40a59274b3df9ed0ccaa |
| institution | Directory Open Access Journal |
| issn | 1459-9686 |
| language | English |
| last_indexed | 2024-04-24T15:22:00Z |
| publishDate | 2010-01-01 |
| publisher | Aalborg University Open Publishing |
| record_format | Article |
| series | Nordic Journal of Commercial Law |
| spelling | doaj.art-0f4087371cfd40a59274b3df9ed0ccaa2024-04-02T07:31:46ZengAalborg University Open PublishingNordic Journal of Commercial Law1459-96862010-01-012TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like BangladeshMohammad Towhidul IslamLeast-developed countries (LDCs) like Bangladesh could benefit from increasing demand and appropriate intellectual property rigths (IPRs) especially for patented agricultural and pharmaceutical goods. IPRs protection could be used as a vehicle for economic development through trade.1 By appropriating rights, the country could use its comparative advantage of reverse-engineering, adding value through adaptation of existing technology goods (knowledge goods) accessed in formal and non-formal means. However, as a part of ensuring economic benefits to innovators, the World Trade Organization (WTO) Agreement on Trade-Related Aspects of Intellectual Property (TRIPS)2 obliges its members, irrespective of their level of development, to offer strict IPRs protection in knowledge goods, including comprehensive control on technology diffusion. In theory, protection aims to foster beneficial technological development furthering innovation and increasing economic growth.3https://130.225.53.24/index.php/NJCL/article/view/3016 |
| spellingShingle | Mohammad Towhidul Islam TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh Nordic Journal of Commercial Law |
| title | TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh |
| title_full | TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh |
| title_fullStr | TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh |
| title_full_unstemmed | TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh |
| title_short | TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh |
| title_sort | trips agreement and economic development implications and challenges for least developed countries like bangladesh |
| url | https://130.225.53.24/index.php/NJCL/article/view/3016 |
| work_keys_str_mv | AT mohammadtowhidulislam tripsagreementandeconomicdevelopmentimplicationsandchallengesforleastdevelopedcountrieslikebangladesh |