Intellectual Property Rights and Creative Economy; Way Forward for Pakistan

Authors

  • Muhammad Danyal Khan PhD Candidate, Brunel University London
  • Rao Imran Habib Assistant Professor, Gillani Law College Bahauddin Zakariya University Multan, Pakistan
  • Attaullah Mehmood Assistant Professor, International Islamic University Islamabad, Pakistan
  • Abdul-Basit LLM Candidate, International Islamic University Islamabad, Pakistan

DOI:

https://doi.org/10.26710/reads.v5i3.697

Keywords:

Intellectual Property Rights, Creative Economy, Copyrights, Patents, Trade And Development, TRIPS Agreement 1994

Abstract

This paper examines the relationship between enforcement of intellectual property rights and growth of the creative economy. Intellectual property based creative industries highly contribute towards national economy through trade, value addition, and tax revenues. Size of the global creative economy has almost doubled during 2015 leading it to the figure of $509 billion that was $205 billion during year 2002. It is worth noting that major player in global volume of creative economy are South Asian countries such as China, Hong Kong, Malaysia, India, and Taiwan. Major creative industries include software, pharmaceutical, music, cinema, fashion, design, art, culture, photography, publishing, and other related creative works. Creative industries need support of effective enforcement from intellectual property rights to pay incentive to a creator for its investment of expertise, labour, and finances. In absence of effective intellectual property enforcement and violation of intellectual property rights, innovation may go slow that affects growth of the creative economy. This research highlights potentials of growth of the creative economies in Pakistan in terms of intellectual property rights.

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Published

2020-07-26

How to Cite

Muhammad Danyal Khan, Rao Imran Habib, Attaullah Mehmood, & Abdul-Basit. (2020). Intellectual Property Rights and Creative Economy; Way Forward for Pakistan. Review of Economics and Development Studies, 5(3), 469-478. https://doi.org/10.26710/reads.v5i3.697