How India Can Attract More Foreign Direct Investment, Create Jobs and Increase GDP: The Benefits of Respecting the Intellectual Property Rights of Foreign Pharmaceutical Producers

Type Working Paper - Georgetown McDonough School of Business Research Paper No. 2540591
Title How India Can Attract More Foreign Direct Investment, Create Jobs and Increase GDP: The Benefits of Respecting the Intellectual Property Rights of Foreign Pharmaceutical Producers
Author(s)
Publication (Day/Month/Year) 2014
URL http://www.indiaenvironmentportal.org.in/files/file/pharmaceutical producers.pdf
Abstract
As the effective application of new technologies has become increasingly important to
most nations’ economic growth and development, the significance of intellectual property (IP)
rights has also increased. Most technological innovations come from the world’s most advanced
countries; and the transfers of those technologies to developing nations, mostly through the
foreign direct investments (FDI) of multinational companies, are critical to efforts to modernize
their economies. The economic returns on these transfers depend on the foreign investor’s
ability to claim the profits from its innovations. As a result, a willingness to respect and enforce
the IP rights of those foreign direct investors has become a prerequisite for modernization in
most developing countries.

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