Asian Research Thesis Index

Abstract

Intellectual property laws play a significant role in making industrial, trade and financial policies. Their performance in scientific and technological development of any country cannot be ignored. IP laws help in flowering the knowledge stock of a country. They guarantee the development in varied fields. However, alongside strong intellectual property laws, there should be an effective implementation mechanism, as without implementation there is no enjoyment of intellectual property rights. The powerful, unprejudiced and effective IP laws implementation attracts innovation and new investment whereas the weak implementation of intellectual property laws promotes piracy and counterfeiting and consequently acts as a major barrier to investment in R&D, employment, trade and overall growth of a country’s economy. This is unfortunately the case with the IP laws implementation in Pakistan. This study seeks to know whether strict IP laws implementation in Pakistan can indeed spur socio-economic growth. To answer this question, the research utilizes crosscountry data of 20 countries. The results reveal that strong linkage exists between implementation of IP laws and socio-economic growth. But this linkage is greater powerful in countries with strong IP laws implementation mechanism. This study points out impediments in the implementation of IP laws in Pakistan. The research concludes by putting forward recommendations and suggestions for the strict implementation of IP laws in Pakistan.

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