Intellectual Property: A Power Tool for Economic Growth

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This publication seeks to demystify intellectual property and to explain the whys and wherefores of the subject -unlike many other IP texts that concentrate on the what. Its message is that intelletual property is a power tool for economic development and wealth creation that is not yet being used to optimal effect in all countries, particularly in the developing world. It is a practical guide to using those intangible assets - such as knowledge, information, creativity and inventiveness - that are rapidly replacing traditional and tangible assets - such as land, labor and capital - as the driving forces of economic health and well-being.

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Page 22 - Marks (1957), the Lisbon Agreement for the Protection of Appellations of Origin...
Page 12 - Act), and its cardinal principle that the public benefits from a policy that permits universities and small businesses to elect ownership of inventions made under federal funding and to become participants in the commercialization process. After 1984, universities and colleges developed and strengthened the internal expertise needed to engage effectively in the patenting and licensing of inventions. A measure of the success of Bayh-Dole Act is the growth of the Association of University...
Page 2 - Agricultural chemist George Washington Carver developed crop-rotation methods for conserving nutrients in soil and discovered hundreds of new uses for crops such as the peanut and sweet potato.
Page 18 - Trademarks help to cement customer loyalty. Studies show that customer retention is as effective in generating revenues as the attraction of new customers: "Reducing defections by just 5 percent generated 85 percent more profit in one bank's branch system, 50 percent more in an insurance brokerage, and 30 percent more in an auto-service chain".
Page 18 - In addition to promotion of product sales and cementing customer loyalty, trademarks help their owners increase profitability, respond to unfair competition, expand and maintain market share, differentiate products, introduce new product lines, gain royalties through licensing programs, support strategic partnerships and marketing alliances, and justify corporate valuation in financial transactions. Trademarks are also one of the basic elements of franchising. The International Franchisee Association...
Page 4 - ... to provide an explanation as to why some economies grow fast while others do not; in other words, why some countries are rich and others are not. It is generally agreed that knowledge and innovation have played an important role in recent economic growth. The renowned economist Paul Romer suggests that the accumulation of knowledge is the driving force behind economic growth. For countries to promote growth, his theory goes, their economic policies should encourage investment in new research...
Page 4 - Intellectual Property Rights (TRIPS), one of the World Trade Organization (WTO) agreements resulting from the multilateral trade negotiations under the Uruguay Round. In the 1990s, an increasing number of policy-makers in emerging economic powers recognized the important role of the IP system in encouraging private investment in R&D, especially in the industrial and scientific fields.
Page 18 - Trademarks perform a valuable macro-economic function in terms of identifying the origin of products and technologies and thereby fostering accountability to the consumer. They also play a strategic marketing role in individual enterprises. The most common use of trademarks is in consumer advertising to promote product sales, but trademark use has become increasingly sophisticated and varied.
Page 32 - Department, while border enforcement is undertaken by the Customs and Excise Department. In the field of education, Singapore has public education campaigns led by IPOS and the National Science & Technology Board aimed at promoting greater public awareness of IP rights. Today, Singapore is one of the leading nations in terms of patent filings and the creation of other IP assets.
Page 32 - IP portal for searches across multiple patent databases in various jurisdictions, as well as the provision of other technical and business resources. On the IPR enforcement front, the agency primarily responsible for domestic enforcement is the Intellectual Property Rights Branch, a specialized Crime Division of the Criminal Investigation Department, while border enforcement is undertaken by the Customs and Excise Department.

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