Role of Intellectual Property Rights in Economic Growth: Prospects and Challenges

This book is an endeavour to look into the contribution by various categories of Intellectual property Rights in boosting the economic growth. The chapters deliberate on the contribution of Traditional Knowledge and Geographical Indications in the national economy and what are the prospects and challenges. Different chapters throw light on the different Intellectual property Rights such as Subscription Models and Copyright, Standard Essential Patents, Protection of Database in 21st Century, Emergence of Designs, Trademark / Trade Secrets, Competition Law in liberalized economies and how they can be growth engine in the National economies.

This book is a comprehensive exploration of the role of Intellectual Property Rights (IPR) in promoting innovation, protecting knowledge, encouraging creativity, and contributing to economic growth. It examines how different forms of intellectual property can serve as important instruments for strengthening national economies, enhancing competitiveness, generating employment, and creating opportunities for sustainable development.

A significant focus of the book is on Traditional Knowledge and Geographical Indications (GIs) and their contribution to the national economy. The discussions highlight the economic and cultural value of indigenous knowledge, traditional practices, and region-specific products, while also examining the prospects, challenges, and mechanisms required for their effective protection and commercialization.

The book further explores several contemporary dimensions of Intellectual Property Rights, including subscription models and copyright, Standard Essential Patents, database protection in the twenty-first century, the emergence and significance of industrial designs, trademarks, and trade secrets. These discussions provide insights into how intellectual property frameworks are evolving in response to technological advancement, digital transformation, globalization, and changing business models.

Another important dimension addressed is the relationship between Intellectual Property Rights and Competition Law, particularly in liberalized and increasingly knowledge-driven economies. The book considers the need to balance intellectual property protection with fair competition, market access, innovation, and consumer interests.

By bringing together diverse perspectives on intellectual property, technology, business, law, and economic development, this volume demonstrates that IPR is not merely a legal mechanism for protecting intangible assets but can also function as a strategic growth engine for national economies. It will be valuable for researchers, academicians, legal professionals, policymakers, entrepreneurs, students, and anyone interested in understanding the evolving relationship between intellectual property and economic development.