The Legal Implications of Globalization and Intellectual Property on Technology Transfer and Innovation

Abstract

In this study the complex connection of globalization, intellectual property rights (IPR), technology transfer (TT) and innovation is explored in the context of a post-structuralist world economy. The concept of globalization has transformed the research and innovation landscape significantly to the point where it promotes the movement of knowledge, resources, and technological innovation across borders. Nevertheless, the role of IPR on the agreement of technology transfer is still a controversial issue. Here, a historical overview of globalization and IP laws review is done along the lines of an in-depth literature review, which is based on the International legal ground which enshrines the IPR protection and technology transfer. It evaluates various form of technology transfer, examines the variables and obstacles on international scale and explains possibilities of IPRs in making technology transfer agreements. The influences that globalization and IPR have on the process and mode of innovation are also discussed in this study. It examines the possibility and threat of TT to the developing countries as a result of globalization in relation to both, positive and negative law; the economy as well as society. Further, the paper explains about the importance of innovation ecosystems and policy challenges with the importance given to governmental policy actions and regulations to stimulate TT and innovation and technology transfer. It examines the various avatars of technology in the past. The best practices and recommendations are given as far as enhancing the TT and innovation in the global economy. This article may be useful in the comprehension of the articulation between globalization, IPR, technology transfer, and innovation better. It makes valuable contributions and policy suggestions to policy makers, practitioners and scholars to deal with the challenges and opportunities brought about in the interconnected world in terms of technology transfer and innovation.