Abstract
Ideas and knowledge are intangible assets of an organization forming the bases of inventions / innovations requiring proper management. Organizations / nations seeking higher financial returns tend to monopolize their ideas and knowledge through intellectual property rights, but, at the cost of limiting the development of a knowledge economy and social welfare. Whereas, organizations / nations working towards social welfare and struggling to develop knowledge based economies support the notion to share their ideas and knowledge with others resulting in global public goods. Both concepts are important, and, require the attention of scholars to suggest how to balance the two views. This paper compares the concepts of intellectual property rights and global public goods with regards to innovation and social welfare by using desk research. Findings reveal that intellectual property rights promote innovation only to some extent by limiting knowledge sharing and social welfare. On the other hand, global public goods promote innovation at large and increase social welfare of the masses
RAJA IRFAN SABIR, MUHAMMAD JUNAID, FARASAT ALI SHAH BUKHARI, ASIM MIRZA, HUSNAIN KAMIL, MUHAMMAD SHAHNAWAZ. (2014) Does Intellectual Property Promote Innovation? Towards an Understanding of Intellectual Property and World Public Goods, International Review of Management and Business Research, Volume 3, Issue 1.
-
Views
362 -
Downloads
34
Article Details
Volume
Issue
Type
Language
