The Economics of IP in the context of a Middle Income Country
This essay looks at innovation and intellectual property rights from the perspective of a small middle-income country. Characterized by an open economy, and based on natural resources, Chile has an incipient level of technological capabilities aiming at reaching sustainable growth and development by adding value to natural resources through innovation. In contrast to other economies that deeply rely on natural resources, Chile as other middle income countries have, has achieved a moderate level of advanced human capital formation and infrastructure stock, but surprisingly has some world class exporting industries such as copper, wine and salmon.
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