The Need for a Global Patent Market

Phelps, Edmund S.; Ullberg, Eskil

If developed and developing countries’ national patent systems were integrated in the trade system, the result would be greater specialization among inventors and, with it, faster technological invention and productivity growth. Yet under current arrangements, World Trade Organization member states do not honor foreign inventors’ claims to their own inventions. More than ever, the world needs a new framework of trade rules to facilitate the exchange of human ideas across borders.


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More About This Work

Academic Units
Center on Capitalism and Society
Center on Capitalism and Society, Columbia University
Center on Capitalism and Society Working Papers, 111
Published Here
August 24, 2018