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Private Rights and Public Problems: The Global Economics of Intellectual Property in the 21st Century

Author

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  • Keith E. Maskus

    (Peterson Institute for International Economics)

Abstract

Intellectual property rights (IPRs)--patents, copyrights, and trademarks--have moved from an arcane area of legal analysis and a policy backwater to the forefront of global economic policymaking. Apple and Samsung's patent battle illustrates the importance of IPRs and how they impact everyone. Private Rights and Public Problems is a completed update of the seminal, oft-cited 2000 study, Intellectual Property Rights in the Global Economy. This new book documents the remarkable global changes in IPRs policies that have taken place since the founding of the World Trade Organization (WTO) and analyzes both the benefits and costs of the global IPRs system. Does stronger IPRs protection increase incentives for innovation and raise returns to international technology transfer or does it raise the cost of acquiring new technology and products? Have the changes benefited technology producers or technology consumers? Do these policies help or hinder the transfer of key technologies used to address critical global public needs, such as essential medicines, green technologies, bio-engineered seed varieties, products made from genetic resources, and scientific and educational materials? The book examines these issues through an analysis of the economic effects of extended international protection and partial harmonization of IPRs. Ultimately, it argues that the global IPRs system stands at a fundamental crossroad, facing more challenges than ever before. It makes several suggestions for improving the efficiency and fairness of the newly globalized system in the near future, if the political will can be found.

Suggested Citation

  • Keith E. Maskus, 2012. "Private Rights and Public Problems: The Global Economics of Intellectual Property in the 21st Century," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 5072.
  • Handle: RePEc:iie:ppress:5072
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    Citations

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    Cited by:

    1. Kristie Briggs & Walter G. Park, 2014. "There will be exports and licensing: The effects of patent rights and innovation on firm sales," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 23(8), pages 1112-1144, December.
    2. repec:idb:idbbks:6668 is not listed on IDEAS
    3. Kym Anderson, 2016. "Contributions Of The Gatt/Wto To Global Economic Welfare: Empirical Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 30(1), pages 56-92, February.
    4. Papageorgiadis, Nikolaos & Sharma, Abhijit, 2016. "Intellectual property rights and innovation: A panel analysis," Economics Letters, Elsevier, vol. 141(C), pages 70-72.
    5. Mercedes Campi & Marco Duenas & Matteo Barigozzi & Giorgio Fagiolo, 2016. "Do Intellectual Property Rights Influence Cross-Border Mergers and Acquisitions ?," LEM Papers Series 2016/28, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    6. Difei Geng & Kamal Saggi, 2015. "The Nature of Innovative Activity and the Protection of Intellectual Property in Asia," Asian Economic Policy Review, Japan Center for Economic Research, vol. 10(1), pages 71-91, January.
    7. Briggs, Kristie, 2015. "Co-owner relationships conducive to high quality joint patents," Research Policy, Elsevier, vol. 44(8), pages 1566-1573.
    8. Theodore H Moran, 2016. "The Role of Industrial Policy as a Development Tool: New Evidence from the Globalization of Trade-and-Investment," Working Papers id:8423, eSocialSciences.
    9. Keith E. Maskus & William Ridley, 2016. "Intellectual Property-Related Preferential Trade Agreements and the Composition of Trade," RSCAS Working Papers 2016/35, European University Institute.
    10. Hu, Albert G.Z. & Zhang, Peng & Zhao, Lijing, 2017. "China as number one? Evidence from China's most recent patenting surge," Journal of Development Economics, Elsevier, vol. 124(C), pages 107-119.
    11. Keith E. Maskus, 2015. "Intellectual property in a globalizing world: issues for economic research," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 22(3), pages 231-250, September.
    12. Elena Verdolini & Valentina Bosetti, 2017. "Environmental Policy and the International Diffusion of Cleaner Energy Technologies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 66(3), pages 497-536, March.
    13. Olena Ivus & Edwin L.-C. Lai, 2017. "Patent Exhaustion Regime and International Production Sharing: Winner and Losers?," CESifo Working Paper Series 6644, CESifo Group Munich.
    14. Juan S. Blyde & Christian Volpe Martincus & Danielken Molina, 2014. "Fábricas sincronizadas: América Latina y el Caribe en la era de las Cadenas Globales de Valor," IDB Publications (Books), Inter-American Development Bank, number 86755 edited by Juan S. Blyde, February.

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