IP and Technology Transfer and the Role of WIPO: An Economists Perspective Shubhashis Gangopadhyay October 13, 2009 WIPO, Geneva

Intellectual Property Private property rights are at the core of a market economy as we know it Highest bidder usually the one who can generate the maximum value Maximizing the value of an asset So, any asset should go to the highest bidder

Interest Knowledge-based societies Innovating for generation of social value Improved agricultural productivity Better health More educated and trained labour Can developing economies afford them? Buying price too high Costs of developing them too high IP is a generated asset; so, why generate it?

Innovation and Valuing IP Sliced bread Creating social value: Pepsi model in India Why would anyone innovate? Valuing innovations

Focus on Transfer Technology is out there Customization of knowledge Applied research versus application of research R&D labs versus public and networked production of knowledge

A New Legal Structure? Intellectual property and intellectual assets Public corporations as legal entity Do we need a new legal concept? What are the new boundaries of a firm?

Developing countries Need to take a front seat Current focus on how well do we protect IPs Do we respond or do we initiate? WIPO as a co-ordinating body

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