Implications of Intellectual Property Rights for the economy

Ambition of WIPO

Last week, it was pointed out that the World Intellectual Property Organisation (WIPO) emerged after three intellectual property rights conventions, namely the Paris, Berne and Rome Conventions, were established.  The WIPO was created in 1967, more than 80 years after the Paris and Berne Conventions and about six years after the Rome Convention surfaced.  The WIPO was created as one of the specialized agencies of the United Nations.  It served as the global forum for the development of policy on Intellectual Proterty  Rights (IPRs) and the provision of property services.  It was also the place where countries could go to pursue cooperation and receive information about IPRs.  The ambition of WIPO was to lead the development of a balanced and effective international intellectual property (IP) system that enabled the emergence of innovation and creativity for the benefit of all.  It anticipated the voluntary participation of all countries in the Convention.  While the mandate of WIPO was global in focus, IPRs did