.~·484 - Bayhdolecentral
.~·484 - Bayhdolecentral
.~·484 - Bayhdolecentral
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• 1, •<br />
2<br />
never happened, i. e., the investment that was not made, the<br />
research and develop.nent that did not take place, the university<br />
graduate who did not remain at horne to use his knovLe dqe •. Tnat<br />
which never h appe ned , however, does mean that a country has fewer<br />
businesses employing fewer people producing fewer goods. The<br />
country remains dependent on foreign technology rather than<br />
developing its own , The country's businesses are the f of.Lowe r s ,<br />
not the leaders in the international marketplace. Its exports<br />
are less competitive in the world market than those of other<br />
countries unless they are low priced copies of foreign goods. If<br />
the latter is the case, the exports .become. the subject of trade<br />
restrictions in the n.er ke t s where intellectual property protection<br />
is strong. Export earnings are less than they might be. Scarce<br />
capital is used in unproductive v ay s , As the reputation of the<br />
country suffers and the flow of Lnve s trr e n t capi t al and technology<br />
decreases further. Educated nationals 00 to other countries to<br />
use their hard won knowledge. -<br />
It is important both to developed and developing countries to<br />
solve the problems created by the lack of an adequate f r amewo r k<br />
for the acquisition and protection of rights in intellectual<br />
property. Solving the problem will require the combined efforts<br />
of national governments and of industry. Governments must enact<br />
effective laws protecting intellectual property rights. The<br />
creators and innovators must use thcselaws. The laws themselves<br />
should be harmonized in order to ensure that, in providing for<br />
enforcement of exclusive rights in intellectual property, governments<br />
don't establish barriers to trade in legitimate goods.