This article provides information about the implication of TRIPs for the developing countries: TRIPs will affect the poorer countries that do not have the knowledge by increasing the gap; and by shifting bargaining power towards the producers of knowledge most of whom are in the industrialised North. Not only that, national governments which used to… Continue reading Implication of TRIPs Agreement for Developing Countries
Category: Trade
Notes on International Trade Regulatory Body (WTO)
This article provides information about the international trade regulatory body-WTO: After the Second World War, steps were taken by countries around the globe to regulate world trade by proposing to set up an International Trade Organisation (ITO) along the lines of the International Monetary Fund (IMF) – a world body to facilitate international liquidity; and… Continue reading Notes on International Trade Regulatory Body (WTO)
Implication of TRIPS Agreement for Developing Countries
This article provides information about the implication of TRIPS for the developing countries: A major problem that inventors faced for most of the 19th century, a period of rapid technological progress, was the absence of international regulations governing patent protection. While individual countries had quite effective patent laws and regulations, they varied from one another.