Globalization rules are changing when it comes to international development. Technology is playing a crucial role in changing the globalization rules by providing an equal platform for both developing and developed worlds. However, for globalization to remain relevant there is an increasing call for innovation across the world. The major benefit of globalization is that it spurs ideas but also makes it hard to decide who owns the ideas. The key to harnessing the power that globalization causes is through intellectual property laws. Intellectual property laws ensure that the creative property of globalization is not diluted.
These laws focus on field activities like literature, health, art, science, economics, trade, and food. Intellectual property laws offer rights to the inventor of a certain idea. With these rights and innovator can take their innovations to an industry without fear of their ideas gaining new ownership. These laws also serve as an incentive for innovative ideas or as a tool for companies to obtain a competitive leverage for their products. The same mentality also applies on a worldwide platform. Developed countries have more power and access to technology, unlike developing countries. Their power and resources allow them to purchase ideas from developing countries.
According to Kamil Idris an acclaimed author and former international civil servant, intellectual property rights have been affected by globalization. Globalization drives the number of patents and export markets to a high range unlike in the past. The internet age has made the number of patents skyrocket because of privacy issues. These privacy issues have led to the counterfeiting and backlogging of patents across the world. Kamil Idris also adds that piracy is among the challenges that the digital era faces when it comes to retaining their creative ideas. The focus according to Kamil Idris should be on the IP training and IP capacity development.
The application of patents lies in wait due to the shortage of labor even in developing countries. Without manpower, it becomes difficult to process and organize the information in an organized and timely manner. However, the story is different in developing countries. Lack of training and resources in intellectual property causes some of the countries to lag behind. Even with the use of technology as an equalizer, some countries will continue lagging behind.
Kamil Idris Opinion on Globalization