| Popis: |
This commentary considers Chapters 11 and 12 by Papageorgiadis and McDonald (2022), and Giuliani et al. (2022), respectively, and how their insights on cross-border, collaborative innovation, and Intellectual Property Rights (IPRs) shed light on the challenges of economic development. Effective collaboration for both innovation and development is challenging to achieve, particularly between firms of different nationalities, structures, and industries. Generating positive development outcomes requires appropriate institutions to govern the interactions between private firms, MNEs, and non-firm actors, particularly those associated with IPRs. Well-defined IPRs are indispensable for development. When used strategically, IPR policies are an important complementary asset within industrial policies. However, when legislated and enforced mechanically by utilizing a generic template for advanced economies, they can impede development and growth. There are high costs in enforcement and monitoring of IPRs. Resource constraints to evaluate sophisticated IPRs, is a significant bottleneck, exaggerated when the informal sector plays a large role. |
