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IP and Technology Transfer and the Role of WIPO: An Economist’s Perspective. Shubhashis Gangopadhyay October 13, 2009 WIPO, Geneva. Intellectual Property. Private property rights are at the core of a market economy as we know it
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IP and Technology Transfer and the Role of WIPO:An Economist’s Perspective Shubhashis Gangopadhyay October 13, 2009 WIPO, Geneva
Intellectual Property • Private property rights are at the core of a market economy as we know it • Highest bidder usually the one who can generate the maximum value • Maximizing the value of an asset • So, any asset should go to the highest bidder
Interest • Knowledge-based societies • Innovating for generation of social value Improved agricultural productivity Better health More educated and trained labour • Can developing economies afford them? Buying price too high Costs of developing them too high • IP is a generated asset; so, why generate it?
Innovation and Valuing IP • Sliced bread • Creating social value: “Pepsi” model in India • Why would anyone innovate? • Valuing innovations
Focus on Transfer • Technology is out there • Customization of knowledge • Applied research versus application of research • R&D labs versus public and networked production of knowledge
A New Legal Structure? • Intellectual property and intellectual assets • Public corporations as legal entity • Do we need a new legal concept? • What are the new boundaries of a firm?
Developing countries • Need to take a front seat • Current focus on how well do we protect IPs • Do we respond or do we initiate? • WIPO as a co-ordinating body
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