Idris Kamil. Intellectual Property: A Power Tool for Economic Development

World Intellectual Property Organization, 2013. — 379 p.Readers will discover that Intellectual Property is often one of the most important assets of large corporations, that it generates more than
100 billion dollars a year in revenues from patent licensing alone, and that a good patent portfolio can dramatically increase the valuation of an
enterprise. They will also realize that disparities in intellectual assets are as great between the developed and developing world as are disparities in
other forms of wealth. Lack of awareness about intellectual property is understandable because, in the past, it was an esoteric field of law, the preserve of technical specialists and corporate lawyers. However, times have changed: the information technology revolution, and the increasing pace, impact, and importance of invention and innovation, linked to rapid globalization, have brought intellectual property onto center stage. From being a backwater issue, it is now a key factor in government policy-making and in corporate strategic planning.This publication is written from a definite perspective that intellectual property is good. lt is based on the belief that intellectual property is a powerful tool for economic development that is not yet being used to optimal effect in all countries, particularly in the developing world. lt offers the possibility of growth and economic development in a way that is not a zero sum game, where if some win, others will lose. On the contrary international acceptance and utilization of intellectual property tools means that there will be more innovation and therefore more creative change and cultural and economic growth.