.~·484 - Bayhdolecentral

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