Dr. Kamil Idris has often provided his views on globalization, an area in which he has extensive international experience. He says that there are many benefits to globalization but there are pitfalls to it as well. He has written that one of the biggest equalizers between developed and developing countries is the use of technology. One of the big pitfalls he points to is intellectual property rights and how the laws and respect for them vary dramatically depending on where you are in the world. However, strengthening the laws regarding IP will enable the global economy to expand while not reducing the world’s creative capacity.
There are intellectual property rights in many industry such as science, economics, food and beverages, literature, and more. When someone has IP rights they can release a unique product and gain from it. Dr. Kamil Idris says that IP rights encourage people and companies to innovate and gives them a competitive advantage for the product or service they are offering. Nations that are further advanced also, as he points out, have the resources to buy patents and IP rights from those in developing nations around the world.
Dr. Kamil Idris once worked for the World Intellectual Property Organization. He was their director general and as such he worked on many intellectual property laws around the world. He says that over the last decade the number of patent applications has skyrocketed in many nations and government patent offices often have backlogs of years to go through.
Another pitfall of globalization is piracy and counterfitting. These are easier then ever in the age of the internet where something can be stolen and then downloaded by hundreds of thousands of other people. In his view nations need to apply greater resources to combatting these two things by spending more on intellectual property training. He says that they also need to hire more people to review intellectual property issues and get through patent backlogs.
Connect with Kamil on linkedin.