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Promoting Technology Diffusion to the Developing World
The developing world faces many challenges. Most are quite daunting; several are tragic. Rampant disease, lack of clean water, inadequate healthcare, and food shortages are a few that top the list. Technologies that the developed world has created can (and do) help address many of these problems. Too often the global IP system of legal rights and obligations has been attacked by a vocal minority who paint it is an “obstacle” to progress and a “barrier” to development. Study after study, however, has demonstrated that the opposite is true. Intellectual property protections incentivize innovation and maximize the diffusion of new technologies that lead to job growth and global advancement that fosters international development.
Global Innovation Policy Center @globalIPcenter 23h
“Waiving drug companies' intellectual property rights risks setting a bad precedent for future investment in new drugs. And that risk may not be worth it without additional steps to meaningfully increase the availability of shots across the world.” https://t.co/UE6nqe8Cyb