Intellectual Property Rights: The West, India and China
Intellectual property rights (IPR) have increasingly been an issue as increased globalization has caused trading states to reconsider their efforts to protect inventions and then license those inventions to other states through their respective multinational corporations. Since China and India have been on the forefront of recent economic advances, states like the US, and international organizations, like the World Intellectual Property Organization (WIPO), have had to analyze their existing regulations on IPR. This chapter discusses how the US and WIPO developed its present IPR regime and what the likely responses will be from China and India. With growing economies and a commitment to conduct more research and development, India and China , when fully WIPO and WTO -TRIPS compliant, may represent more of an issue than one where the said states violate international conventions. Keywords:China; globalization; India; Intellectual property rights (IPR); World Intellectual Property Organization (WIPO)