This paper revisits the question of whether global welfare is higher under a uniform world-wide system of …

The grant of monopoly patent protection is justified normally as a means for giving incentive for innovation. Market … market patent system may be said to fail individuals in developing countries in regards to both focus and access; as no … to the patent system, and arrives at a new alternative that is based upon market reward and the retention of …

The World Trade Organization (WTO) linked intellectual property protection with trade. The WTO Agreement on Trade … to provide latitude to the Member States to tailor their national patent laws to fit their individual needs. In 2001, the … the lead role in enacting the TRIPS Agreement's substantive and procedural patent flexibilities by introducing unique …

patent infringement, particularly if “reasonable compensation” is offered in the form of an “ongoing royalty” or an “interim … pharmaceutical regulatory approvals to the patent system and imposing stays of such approvals normally avoid the need for such …