Comparing Intellectual Property Rights With Competition Policy, Environmental Protection, And Core Labor Standards
- Topics:
- WTO
- Tags:
- Business Operations,
- Standards,
- Research & Development,
- Quality,
- Labor Standards,
- Intellectual Property Right,
- Intellectual Property,
- Institute For International Economics,
- Free Trade,
- Finance,
- ...
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Overview: The negotiation of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) greatly expands the purview of the World Trade Organization (WTO) into domestic regulatory standards. The minimum standards required in TRIPS are essentially about production processes, thereby erasing the traditional "product versus process" distinction in the trading rules. This evolution immediately raises the question of whether other regulatory and process standards, including competition policy, environmental standards, and worker rights, should be placed onto the WTO agenda. Because they evidently no longer may be excluded on the grounds of the inability of the trading system to discipline process standards, the argument must proceed on other grounds. In the article, one review the logic and evidence for such inclusion based on economic arguments for multilateral management of market externalities, policy coordination problems, and systemic trade issues. The review concludes that, conditional upon the protection of intellectual property rights in the WTO, a strong case may be made for including competition rules.
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Format: HTML | Date: Jan 2003 | Pages: 1
