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    Making intellectual property work for developing countries

    Prepared by the ICC commission on : Intellectual Property
    Publication date : 20/07/2005 | Document Number : 450/1003

    Throughout history and in all cultures and traditions, people have developed new inventions and creations which are valuable for society. These have often been protected by rites and rituals or laws and customs.

    The concept of intellectual property is therefore not a new one and seeds for its protection exist in many cultures in countries at all stages of development.

    Intellectual property should therefore not be seen as an issue which divides developed and developing countries. Innovation and creativity are fundamental to all cultures and traditions, and are drivers of progress in most societies. All countries have the potential to develop their intellectual property assets, and to reap benefits from them for their people.
    The ability to manage and exploit innovation and resultant intellectual property rights is key to success in today’s world in which intellectual, rather than physical, assets are one of the primary sources of wealth and competitive advantage. Recognition and protection of intellectual property assets are therefore necessary preconditions for development today.