A SURVEY ON MAJOR ISSUE OF INTELLECTUAL PROPERTY RIGHTS & SUSTAINABLE DEVELOPMENT

  • Prof. Bhavana Sangamnerkar

Abstract

Intellectual property (IP), through its passive existence, has affected all domains of knowledge like education, entertainment-media, art, technology, literature, music, etc. The role assumed by the property Laws has widened over the years we should always be thankful to their interaction with other laws and international agreements. it's taken the character of an ‘enabling’ principle. The same stand true when one says that IP influences sustainable development goals. On the one hand, IP enables expansion by incentivizing innovation, and, on the other hand, it also hampers it by locking inventions, specifically in agriculture and pharmaceuticals, by granting exclusive rights to the proprietors. The Sustainable Development Goals (SDGs) applied by the UN General Assembly in 2015 lay down border goals than the Millennium Development Goals (2000-2015). The SDGs specified the interlinkage between IP and Development by providing for a goal to “build resilient infrastructure, promote sustainable industrialization, and foster innovation.” WIPO’s (World property Organization) Director General Francis Gurry, emphasizing the connection between the two, said that IP “exists to make an enabling environment for and to stimulate investment in innovation.” Also, the UNHRC and thus the WIPO in their joint-publication, namely, ‘IP and Human Rights,’ concluded that “appropriate IP protection can contribute to the economic, social and cultural progress of the world’s diverse population.” Keywords: Intellectual Properties, Sustainable Development, Traditional Knowledge.
How to Cite
Prof. Bhavana Sangamnerkar. (1). A SURVEY ON MAJOR ISSUE OF INTELLECTUAL PROPERTY RIGHTS & SUSTAINABLE DEVELOPMENT. International Journal Of Innovation In Engineering Research & Management UGC APPROVED NO. 48708, EFI 5.89, WORLD SCINTIFIC IF 6.33, 8(4), 52-55. Retrieved from http://journal.ijierm.co.in/index.php/ijierm/article/view/192