Interrelation of Intellectual Property Rights and Competitiveness: FDI inwards and FDI outwards

Abstract

The spreading recognition of the importance of competition has been supplemented by a persistent process of globalization. <span style="mso-fareast-font-family:Tahoma;mso-ansi-language:EN-US" lang="EN-US">In a knowledge-driven economy, the successful protection of IPR is emerging as a crucial ingredient for commercial success. <span style="mso-ansi-language:EN-US;mso-bidi-font-weight:bold" lang="EN-US">The two bodies of laws are complementary because both pursue a welfare objective. IP laws do so by creating and defending the right of innovators to exclude others from using their ideas. <span style="mso-bidi-font-weight:bold" lang="EN-GB">Antitrust laws protect dynamic competition in the marketplace, while intellectual property laws protect the means to receive earnings on the investments needed to innovate. <span style="mso-fareast-font-family:Tahoma; mso-ansi-language:EN-US" lang="EN-US">The economic analysis utilizing the author’s zekipr1 index shows a complementarity of IPRs and competitiveness regarding <span style="mso-fareast-font-family:Arial;mso-ansi-language:EN-US" lang="EN-US">FDI inwards and FDI outwards<span style="mso-fareast-font-family: Tahoma;mso-ansi-language:EN-US" lang="EN-US">.

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