Strong IP system boosts knowledge economy development

17 11 2008

Strong intellectual property protection is essential to the economic growth of developing countries, according to a senior official with the World Intellectual Property Association.   “It is a myth and complete misunderstanding to think that IP protection is not important. It is relevant to all countries wanting to build up their economy,” stated the WIPO official.

Ensuring strong intellectual property protection also encourages innovation, which is particularly important as it relates to medical innovation.  Patients around the world benefit from the development of new medical treatments as well as improvements to existing technologies, products and processes.


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