Summary
The Agreement on Trade-Related Aspects of Intellectual
Property Rights (TRIPS) brought with it the promise
an increased development which never materialized. In the same way,
the strategies that developing countries adopted have not been
effective enough to change reality. However, we should realize that
weakening the intellectual property system is not the correct
alternative. To the contrary, a strong and balanced intellectual
property system could reduce the implicit risk in the transactional
cost of allocate or transfer intangible assets of intellectual
property in other countries, as well as encourage local innovation.
The solution is much closer than we can imagine; it is inside the
intellectual property system itself. However, in order to take
advantage of it, it is necessary to understand all the benefits
provided by the global system of intellectual property, and
urgently improve the educational system to achieve the kind of
technology transfer
