TRIPS White Paper
We recently put together a white paper that focuses on TRIPS (or the Trade-Related Aspects of Intellectual Property Rights). TRIPS was created to implement a uniform set of intellectual property protection across members of nations to create more stable international economic relations. It is considered one of the most important developments in international Intellectual Property protection.
Also in this article is an analysis of the volume of patents filed across the world. The analysis showed that countries that invest more in research and development (R&D) and have higher salaries and education produce the most patents. The analysis also clearly showed where R&D activity mainly takes place around the world.
In summation, the essay shows a strong connection between Intellectual Property Rights (IPR) origins, economic activity and IPR strength. It also showed that strong IPR helped the development of countries the most and that when flourishing countries start the development of their economy through entrepreneurial activity they will begin to accelerate and benefit from strong IPRs. From here TRIP can work as a standardization tool by providing equalization.
If you’re looking to take a deep dive into the fascinating world of TRIPS, then we encourage you to read our white paper here: TRIPS and Developing Countries.