Asia is now well recognized and
acclaimed as a growth pole of the global economy. The dynamism of Asian
transition is based on building innovative capabilities and modernizing the
national innovation system. Asia has allocated higher resources to research and
development (R&D) during last three decades. In terms of R&D
expenditure, the Asian region has incurred the highest proportion, that is,
42.2 per cent, of the global economy and ranked as number one (UIS, 2015). The gap in terms of R&D
intensity between Asia and Europe and North America has reduced during
1991–2013 (UNESCO, 2015). However, in terms of output
indicators, the Asian region is lagging behind. This lag in investment in
innovation activities and output indicators is understandable. But the pace of
catch-up of Asia is remarkable (Lee, 2013), which is shown from the increasing
importance of intellectual property rights in the development processes of
these economies.
Factors that promote innovation is a key issue for economic and industrial
development in the Asian countries. A variety of social and economic
mechanisms, including the strength of intellectual property rights (IPRs), the
international harmonization of IPRs, the science and technology policy
conducted by governments at several levels and in categories to support firm’s
innovative activities, and the competition and collaboration among firms and
universities, are expected to positively affect the innovative activities.
Recent
Issue on “Innovations and
Intellectual Property Rights in Asia” from the journal, Millennial Asia, examines
the relation between IPR and economic and industrial development. There
are two different views on whether the stronger IPRs enhance or retard
industrial development in developing countries. Policymakers in developing
countries sometimes assert that the success of high-tech industries in
developing countries is a confirmation of the view that keeping IPR systems
weak at certain stages of economic development can function as an infant
industry policy, stimulating the growth of technologically dynamic indigenous
firms. On the other hand, empirical evidence by many economists suggests that
stronger IPR systems accelerate industrial development.
The issue presents papers which
examine whether delaying the embrace of strong IP has led to dynamic growth and
whether the emergence of innovative strength or the stronger IPR systems
accelerate industrial development.
To read full articles, subscribe
to the issue here
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