This paper examines the role of patent policy in the open economy. It begins by considering how the presence of patents affects trade in patentable products. A brief review of the general argument for patent protection is followed by consideration of the elements that comprise a patent system,...

Despite the emphasis of international IP treaties, such as the TRIPS Agreement, on common minimum IP standards, considerable diversity exists among developing countries regarding the nature and scope of IP standards, approaches to administration and enforcement, and the responsiveness of...

Inter-country equity in the taxation of IP is a contentious issue. With its BEPS initiative, the OECD aims at taxing in accordance with value creation even though there are admitted difficulties in determining the actual place of value creation. The European Commission promotes the introduction...

The approach taken by developing countries to intellectual property (IP) decision-making varies widely. This variation raises several questions: How do politics at the national level impact the prospects for development-oriented IP reforms? What kind of institutional frameworks would best ensure...

We study the effect of the intellectual property rights (IPR) regime of a host country (South) on a multinational's decision between serving a market via greenfield foreign direct investment to avoid the exposure of its technology or entering a joint venture (JV) with a local firm, which allows...