Authors:
Syafrinaldi
1
;
Rani Fadhila Syafrinaldi
2
and
Heni Susanti
1
Affiliations:
1
Faculty of Law, Universitas Islam Riau, Jl.Kaharuddin Nasution No.113, Pekanbaru, Indonesia
;
2
Faculty of law, Universitas Gadjah Mada, Yogyakarta, Indonesia, Indonesia
Keyword(s):
Protection of Trademarks, Investment, Economic Development.
Abstract:
Intellectual Property Right is an important aspect for the economic growth of a developing country. One of the ways to strive the economic system is through investments. It is believed that Foreign Direct Investment can be a measurement tool for a country’s economic growth, FDI may increase capital formation and create job opportunity, promote exports such as manufacturing, access of skilled labor to production networks at the
international level and creating some brand names as well as technology transfer and spillover effect. These advantages will automatically contribute to a country’s economic growth which will help a developing country
to eradicate poverty and achieve peoples’ welfare. However, these benefits could not be achieved if a country lacks national platforms for intellectual property protection. Country should be able to develop technology rather than relying merely on natural resources and and for this exact reason, an adequate protection of IPR is
very necessary.
The absence of adequate protection for such rights could make investment in intellectual works less attractive thus affecting economic development and the expansion of world trade. This paper introduces
empirical studies of trademarks protection and how it can help economic growth in a developing country, provides an overview of the topic as well as findings on the issues.
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