@article{48725,
      recid = {48725},
      author = {Fink, Carsten, and Raffo, Julio,},
      title = {What Role for Intellectual Property in Industrial  Development., Chapter.},
      pages = {1 online resource (Chapter, pp. 119-126) :},
      abstract = {Wide differences in per capita incomes persist across and  within different world regions, and economic research has  argued that patterns of technology diffusion go a long way  in explaining these differences. Yet, looking back at the  past 40 years, it is also the case that a number of East  Asian economies were able to achieve remarkable industrial  development, and today host companies that compete at the  world’s technology frontier. A natural question to ask is  what role public policies played in spurring successful  industrialization. This question seems especially pertinent  in relation to technology, given the many market failures  associated with knowledge acquisition and knowledge  diffusion. A large number of theories have emerged and  empirical investigations carried out in search for an  answer. In this chapter, we scrutinize the resulting  economic literature to provide a perspective on the role of  intellectual property in the industrial development  process. We do so in the following way. We first contrast  the industrial development experience of East Asia to that  of Latin America and summarize the explanations economists  have offered to account for them (Sect. 2). We then turn to  intellectual property and explore the evolution of both IP  policies and IP use in the two regions (Sect. 3), before  reviewing and critically assessing the empirical literature  that has attempted to establish causality between  intellectual property and industrial development (Sect. 4).  Against this background, we ponder on how policymakers  should approach the development of their IP framework as  part of broader industrial policy objectives (Sect. 5).},
      url = {http://tind.wipo.int/record/48725},
}