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North South trade in intellectual property: can it be fair?

Authors
Disciplines
  • Communication
  • Political Science

Abstract

For many developing countries trading in intellectual property has been a spectator sport. Active play in the high stakes game of trading in knowledge has been for a few wealthy countries whose institutions and citizens own intellectual property (IP). These IP-owner countries have the equipment needed to play the funding systems, patent lawyers, marketing support services, and thriving government subsidized research labs and universities enabling them to turn their research and development into IP, intangible but highly valuable financial assets. In the game of trading in knowledge , capturing strategic IP portfolios is the goal, and lucrative licensing contracts are the touchdown.

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