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Intellectual Property Rights 5. (C) The Ambassador commended the MOI for its cooperation with the Embassy in building local capacity to protect intellectual property rights (IPR), noting that the U.S. has developed an excellent relationship with FIA personnel enforcing IPR laws.
Importantly, it aims to improve the enforcement of existing IPR laws, not create new ones," it said.
For example, China has made extensive progress in joining international IPR convections; passing domestic IPR laws, establishing registration and enforcement.
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Today, IPR law is the focus of intense interest, and it is not just lawyers who are paying attention.
Recent developments in Intellectual Property Right (IPR) law are evaluated to determine the extent to which they affect communication costs and thus future economic welfare.
Some argue that the modern system of IPR law is having the opposite effect delaying the diffusion of new technology.John Barton, a law professor at Stanford University, wants to see both rich and poor countries start thinking of IPR more as a development tool, and for them to reconsider the notion that strongly protecting the rights of inventors is automatically good for all.
Therefore, government policy like IPR law is a crucial incentive for a region to innovate and remain competitive.
Now, we assume that IPR law is not enforced in the 'I' and that there is no trade between 'I' and 'M'M
Therefore, university education standard, knowledge transfer rate and IPR law are significant external factors to enhance entrepreneurial capabilities in a single country or a region as a whole.
This is mostly depending on the status of the university education system, the knowledge transfer rate between university and industry and finally the strength of a country's Intellectual Property Rights (IPR) law (Woo, Jang and Kim 2015).
Finally, we can say that entrepreneurship is not only the result of individual's skill, knowledge and seeking new venture but also, to the same extent, a result of the environment of a university system, knowledge transfer rate, government policy such IPR law in which an entrepreneur lives and works. 1 Source: ASEAN Secretariat and IMF World Economic Outlook April , 2016
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