TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh

TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh

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Least-developed countries (LDCs) like Bangladesh could benefit from increasing demand and appropriate intellectual property rigths (IPRs) especially for patented agricultural and pharmaceutical goods. IPRs protection could be used as a vehicle for economic development through trade.1 By appropriati...

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Main Author: Mohammad Towhidul Islam
Format: Article
Language:English
Published: Aalborg Universitetsforlag 2010-01-01
Series:Nordic Journal of Commercial Law
Online Access:https://somaesthetics.aau.dk/index.php/NJCL/article/view/3016
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spelling doaj-09947935d9ef4ba087a53ab25ce6c5bb2021-01-25T14:17:14ZengAalborg UniversitetsforlagNordic Journal of Commercial Law1459-96862010-01-012TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like BangladeshMohammad Towhidul Islam Least-developed countries (LDCs) like Bangladesh could benefit from increasing demand and appropriate intellectual property rigths (IPRs) especially for patented agricultural and pharmaceutical goods. IPRs protection could be used as a vehicle for economic development through trade.1 By appropriating rights, the country could use its comparative advantage of reverse-engineering, adding value through adaptation of existing technology goods (knowledge goods) accessed in formal and non-formal means. However, as a part of ensuring economic benefits to innovators, the World Trade Organization (WTO) Agreement on Trade-Related Aspects of Intellectual Property (TRIPS)2 obliges its members, irrespective of their level of development, to offer strict IPRs protection in knowledge goods, including comprehensive control on technology diffusion. In theory, protection aims to foster beneficial technological development furthering innovation and increasing economic growth.3 https://somaesthetics.aau.dk/index.php/NJCL/article/view/3016
collection DOAJ
language English
format Article
sources DOAJ
author Mohammad Towhidul Islam
spellingShingle Mohammad Towhidul Islam
TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh
Nordic Journal of Commercial Law
author_facet Mohammad Towhidul Islam
author_sort Mohammad Towhidul Islam
title TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh
title_short TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh
title_full TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh
title_fullStr TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh
title_full_unstemmed TRIPS Agreement and Economic Development: Implications and Challenges for Least-Developed Countries like Bangladesh
title_sort trips agreement and economic development: implications and challenges for least-developed countries like bangladesh
publisher Aalborg Universitetsforlag
series Nordic Journal of Commercial Law
issn 1459-9686
publishDate 2010-01-01
description Least-developed countries (LDCs) like Bangladesh could benefit from increasing demand and appropriate intellectual property rigths (IPRs) especially for patented agricultural and pharmaceutical goods. IPRs protection could be used as a vehicle for economic development through trade.1 By appropriating rights, the country could use its comparative advantage of reverse-engineering, adding value through adaptation of existing technology goods (knowledge goods) accessed in formal and non-formal means. However, as a part of ensuring economic benefits to innovators, the World Trade Organization (WTO) Agreement on Trade-Related Aspects of Intellectual Property (TRIPS)2 obliges its members, irrespective of their level of development, to offer strict IPRs protection in knowledge goods, including comprehensive control on technology diffusion. In theory, protection aims to foster beneficial technological development furthering innovation and increasing economic growth.3
url https://somaesthetics.aau.dk/index.php/NJCL/article/view/3016
work_keys_str_mv AT mohammadtowhidulislam tripsagreementandeconomicdevelopmentimplicationsandchallengesforleastdevelopedcountrieslikebangladesh
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