Intellectual Property Rights Policies

Intellectual Property Rights (IPR) policies are rules that protect creators' ideas and inventions from being used without permission. In the context of international economic policies, these rules help countries collaborate and trade fairly by ensuring that innovations, such as patents, trademarks, and copyrights, are recognized across borders. This encourages creativity and investment in new technologies while allowing creators to benefit economically. Effective IPR policies can foster global competition, improve access to knowledge, and stimulate economic growth by balancing the interests of inventors and the public.