Posts Tagged: "developing economies"

While all nations have a great deal to gain from attracting foreign direct investment and research spending from multinational firms, developing nations in particular stand to gain tremendously. These investments create jobs, enhance productivity, and foster economic growth and development. However, robust intellectual property rights are a necessary prerequisite. The activists and government policymakers who claim that IP rights are a barrier to economic development have it backwards. Strong intellectual property rights incentivize innovation which facilitates economic growth and development.