Property rights always create a limited monopoly of the right holder. Intellectual property rights (IPR) came into existence in order to acknowledge and encourage creativity, for example, literary works, although in early days the provision was misused as a government policy. In the subsequent...

The long-run relationship between current account balance (CAB) and capital account balance (KAB) and the repercussions of capital account convertibility (KAC) on the growth process of a country is a much-debated issue. In particular, in the aftermath of the Southeast Asian crisis, the...