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Information and intellectual property: the global challenges

Author

Listed:
  • Rishab Ghosh
  • Luc Soete

Abstract

Looking back to the seminal papers by Richard R. Nelson, "The simple economics of basic scientific research," and Kenneth Arrow, "Economic welfare and the allocation of resources for invention," this article claims that in the last fifty years, there has been a paradigm change in our understanding of the economics of research and invention. The article argues that there are innovations within the process of innovation itself, and in particular in the instruments of promoting invention and innovation--the exclusive intellectual property rights granted to single economic actors for individual innovations--with, as a result, the emergence of various forms of collaborative innovation in different domains. The article concludes that the implications for the contribution of invention and innovation for global growth and development are significant. Copyright 2006, Oxford University Press.

Suggested Citation

  • Rishab Ghosh & Luc Soete, 2006. "Information and intellectual property: the global challenges," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 15(6), pages 919-935, December.
    • Handle: RePEc:oup:indcch:v:15:y:2006:i:6:p:919-935
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    Cited by:

    1. Soete, Luc, 2008. "Science, Technology and Development: Emerging concepts and visions," MERIT Working Papers 2008-001, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Soete, Luc, 2019. "Science, technology and innovation studies at a crossroad: SPRU as case study," Research Policy, Elsevier, vol. 48(4), pages 849-857.

    More about this item

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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