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The Expansion and Restructuring of Intellectual Property and Its Implications for the Developing World

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Chapter Summary

This chapter begins with a reference to the work of Hernando de Soto and his characterization of the Western institution of formal property. It outlines the linkages that he sees between the institution and successful capitalist enterprise. The chapter shows that property relationships within the Western system have become subject to redefinition through the expansion of Intellectual Property (IP) rights in ways that ultimately work to the economic disadvantage of the developing and less developed countries. It explains how the broadening of the scope of IP rights, which provides the foundation for the application of income rights, is ultimately working to the disadvantage of the third world countries that are struggling to join and benefit from the global economy. The chapter discusses the expansion of income rights that has been founded on putative IP claims.

Keywords: developing world; global implications; Hernando de Soto; income rights; intellectual property (IP) rights



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