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Instructions:
Briefly review and respond to the questions below. You may consult your textbook in drafting your response. Your responses should not be longer than three (3) pages, double-spaced
Question 1. Some economists have argued that the key ingredient to successful economic development is a well- defined and easily enforceable system of property rights. Discuss the logic of this argument. In other words, is it necessary for property rights to be well-defined in order to achieve economic development?
Question 2. Discuss the challenges facing intellectual property law in the digital age
Question 3. Describe the doctrine of "fair use." What is the economic rationale for allowing someone to make use of another's creation without first obtaining his or her permission? How does the fair use doctrine affect property rights?
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The assignment is mainly focusing on the intellectual property rights. Many economists have provided their opinion on the efficiency on the property rights and whether the property rights are leading to the development of economy.Efficient property rights will only be able to give fair treatment to the people who have some hidden skills and talent and these rights must be protected by the government. With the digitalisation an immense challenges have come up which is making the use of intellectual rights difficult. Doctrine of fair use is essential for giving the directions to use the rights of any copyright holder.
Instructions: Briefly review and respond to the questions below. You may consult your textbook in drafting your response. Your responses should not be longer than three (3) pages, double-spaced. Email your response as a Microsoft Word attachment to me Your responses are due by 11:59pm on Sunday, 2nd.
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