International property rights and international trade: consequences for developing countries

Abstract

The purpose of this article is to reveal the impact of the protection of intellectual property rights (IPR) on the technological growth of developing countries within the context of their integration into the multilateral trade system. The author generalizes the theoretical studies in IPR protection for open and closed economies, traces the consequences of enforcing IPR protection on the economic growth and diffusion of technologies in the world, analyzes the multilateral regulations of the WTO in trade-related aspects of intellectual property rights, and assesses the impact of the introduction of this system on developing countries. The article explores the prospects for developing the multilateral system of IPR protection to ensure a balance between countries with different levels of development, and outlines the internal policy instruments of IPR that would comply with the interests of technological growth in the developing countries. These findings would benefit the formulation of a balanced policy of IPR protection related to Ukraine’s trade and other policies to invigorate technological development within the context of its integration into the world trade system