When the transfer of knowledge and information occurs between countries, it’s crucial for its economic growth. That’s where, according to Professor Kamil Idris, believes intellectual property comes into play. In recent years, especially with the growth of the economy in technology, there’s been an unparalleled need.
Professor Idris identifies negative consequences to intellectual property as counterfeiting, piracy, and patent applications being processed in an increased amount.
As a result, according to Professor Idris, companies must place greater focus on how to solve these consequences by developing intellectual property using optimal resources and create a team of IP professionals with a handle on the policies. This all must occur in a creative environment that promotes innovation.
Looking at the intellectual property’s infrastructure is what Professor Idris suggests as the first step to consider when combatting IP theft. If a company develops a team or IP professionals skilled in dealing with the challenges of the 21st century, these specialists can build an appropriate infrastructure.
It’s necessary to build these infrastructures to compete in today’s economy, particularly for developing countries. Until developing countries can grasp the importance of intellectual property, it will be at that point they will be able to see advancements in today’s high-tech and globalized world. It’s because of this globalization, Professor Idis notes, that threats to intellectual property continue.
Poor countries are left behind, and developing countries continue facing challenges because richer ones take control when purchasing patents. Professor Idris believes a reformation on intellectual property and international trade agreements are the first steps that are significant toward ensuring every country has access to the liberalization of information and free markets.
It’s possible for countries to educate themselves on intellectual property and, to stay competitive in the current market and economy climate, they must be knowledgeable of these topics. In the developing world, Professor Ibis makes a note about how there’s a great need for education for intellectual property related topics.