Reference no: EM133046310

Intellectual Property and Competition Law

Ques 1: In 3 short points suggest the challenges a company in developing countries can have when enforcing intellectual property and competition laws.

Ques 2: And list credible and workable remedies to each of the challenges you have listed

I have received below answer but I want different answer

1. Intellectual property rights may result in market power abuses. Another concern is that IPRs may increase syndication costs and cutthroat mistreatments. Building up item licences in drugs and biotechnology, for example, alongside plant raiser freedoms, should give privilege holders more prominent market power. These organisations may reduce deals in order to establish monopolistic costs in medications, modern and horticultural data sources, and so on. 

2.Rights to intellectual property Stop Infringing Activity In most developing economies, there is a significant amount of work involved in delivering counterfeit goods and stolen duplicates of music and recordings. As more grounded norms are implemented, these workers should engage in elective work. The primary introductory strategy challenge is the need to change jobs.

3. Rights to Licensed Innovation Encourage Growth in Open Economies Because of the complexities in the relationships between IPRs, rivalry, and business development, no hypothetical expectation can be made regarding the effects of assurance on monetary development.