Book contents
- Frontmatter
- Contents
- List of contributors
- Preface
- PART I International Provision of Public Goods under a Globalized Intellectual Property Regime
- PART II Innovation and Technology Transfer in a Protectionist Environment
- 8 Can the TRIPS Agreement Foster Technology Transfer to Developing Countries?
- Comment I: Technology Transfer on the International Agenda
- 9 Patent Rights and International Technology Transfer Through Direct Investment and Licensing
- Comment II: TRIPS and Technology Transfer – Evidence from Patent Data
- 10 Proprietary Rights and Collective Action: The Case of Biotechnology Research with Low Commercial Value
- 11 Do Stronger Patents Induce More Local Innovation?
- 12 Markets for Technology, Intellectual Property Rights, and Development
- 13 Using Liability Rules to Stimulate Local Innovation in Developing Countries: Application to Traditional Knowledge
- 14 Stimulating Agricultural Innovation
- PART III Sectoral Issues: Essential Medicines and Traditional Knowledge
- PART IV Reform and Regulation Issues
- Index
12 - Markets for Technology, Intellectual Property Rights, and Development
Published online by Cambridge University Press: 05 May 2010
- Frontmatter
- Contents
- List of contributors
- Preface
- PART I International Provision of Public Goods under a Globalized Intellectual Property Regime
- PART II Innovation and Technology Transfer in a Protectionist Environment
- 8 Can the TRIPS Agreement Foster Technology Transfer to Developing Countries?
- Comment I: Technology Transfer on the International Agenda
- 9 Patent Rights and International Technology Transfer Through Direct Investment and Licensing
- Comment II: TRIPS and Technology Transfer – Evidence from Patent Data
- 10 Proprietary Rights and Collective Action: The Case of Biotechnology Research with Low Commercial Value
- 11 Do Stronger Patents Induce More Local Innovation?
- 12 Markets for Technology, Intellectual Property Rights, and Development
- 13 Using Liability Rules to Stimulate Local Innovation in Developing Countries: Application to Traditional Knowledge
- 14 Stimulating Agricultural Innovation
- PART III Sectoral Issues: Essential Medicines and Traditional Knowledge
- PART IV Reform and Regulation Issues
- Index
Summary
ABSTRACT
We argue that stricter enforcement of intellectual property rights can, under some conditions, enhance the international diffusion of technology by fostering markets for technology. Developing economies should be prepared to exploit the opportunities opened up by the presence of such markets, which can significantly expand prospects for inward technology transfer.
Introduction
For centuries, the creation of markets has been one of the main drivers of economic development. There is one activity, however, in which the formation of markets has not evolved as smoothly as in others. Technologies have normally been embodied in goods, services and people, and markets for technologies that are not embodied in those elements have developed less commonly. This is epitomized by the Schumpeterian legacy, which suggests that research and development (R&D) investment is most often the business of relatively large firms that integrate the search for innovation with their production and marketing assets. However, over the past ten to fifteen years, there has been a rapid growth in a variety of arrangements for the international exchange of technologies or technological services, ranging from R&D joint ventures and partnerships to licensing and cross-licensing agreements, through to contract R&D. Along with this trend, specialized technology suppliers have emerged in many industries.
This chapter draws upon a decade-long research program on the nature and functioning of markets for technology – markets for intermediate technological inputs – and their implications for business and public policy.
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- International Public Goods and Transfer of Technology Under a Globalized Intellectual Property Regime , pp. 321 - 336Publisher: Cambridge University PressPrint publication year: 2005
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