WIPO IP Enforcement News: April 2003

Intellectual Property, Effective Enforcement and Economic Development

The availability of adequate and effective enforcement mechanisms is an essential requirement in realizing the potential of intellectual property as a power tool for economic development. Without adequate enforcement of intellectual property rights, the value of intellectual assets, and the incentive to create and invest in these assets would be significantly weakened. This would undermine the potential benefits of an intellectual property system for the national economy.

In a new publication, entitled Intellectual Property: A Power Tool for Economic Growth, the Director General of the World Intellectual Property Organization (WIPO), Dr. Kamil Idris, shows how countries can use the intellectual property system to leverage their intangible assets * such as inventiveness, creativity and knowledge * to promote economic development and wealth creation. Chapter 9 of the book explores certain issues relating to the enforcement of intellectual property rights, including the social and economic impact of counterfeiting and piracy, and the need for concerted action, enhanced public awareness, and the galvanization of political will to address these issues.

The book (also available as a CD-ROM) may be ordered on-line through the Organization's electronic bookshop www.wipo.int/ebookshop or directly from WIPO via the Marketing and Distribution Section, 34, chemin des Colombettes, CH-1211 Geneva 20 (Switzerland);Tel: (41 22) 338-9734; Fax: (4122) 740-1812; e-mail: publications.mail@wipo.int.