Question

From an economic perspective, please explain why intellectual property rights are an important source of disagreement between advanced and developing countries. Why rich countries advocate a strict enforcement of the intellectual property law, but developing countries prefer formulating less strict intellectual property law at the international level? Please use real-world example to support your argument. Also, if you were a member of a advisory panel for a developing country facing a set of strict intellectual property laws, what kind of policies would you recommend for the government to make sure the gaps of the technology and productivity levels between this country and other advanced economies can be narrowed?

Answer 1

Solution:

Given that:

From an economic perspective, please explain why intellectual property rights are an important source of disagreement between advanced and developing countries.