Intellectual-property rights for the poor

Yolanda writes \”This Economist Story says The original purpose of patents was to encourage innovation, and thus growth, by creating an incentive for inventors to disclose the details of their inventions in exchange for a limited monopoly on exploitation. Some argue that the modern system of IPR law is having the opposite effect—delaying the diffusion of new technology.

They cover a report from Commission on Intellectual Property Rights that says poor places should avoid committing themselves to rich-world systems of IPR protection unless such systems are beneficial to their needs. Nor should rich countries, which professed so much interest in “sustainable development” at the recent summit in Johannesburg, push for anything stronger.

The report is available here \”