World Productivity = Technology + IPR

Concerning 5 hundred years ago, generations that lived apart did not expertise any major modification in their commonplace of livings. International productivity was terribly low and man was typically poor. Yes, there have been empires and kingdoms, however on average the world was on static economic expansion.
But with emergence of mass penetrated technology, things began to change. The economic revolution was a quintessential moment in trendy history. Technology brought productivity and man became richer. Normal of living on average improved. It remains until nowadays that when technology penetrates en mass in any economy, national productivity improves, and living standards advance.
There's another caveat to the current argument. Intellectual property right (IPR) could be a cardinal half of this productivity. Without it, technology will not improve and innovation is stalled. The recent world was an era of absence of IPR which contributed to a no small live to the shortage of wealth creation. Certain, folks invented things in arts, engineering, however there was no wealth created. Lack of IPR prevented meaningful market success in one major way. It prevented the pursuit of innovation since concepts might be stolen and commercialized with no penalty. The return to innovation was very low. That was why the planet had many Inventors and few innovators.
Yes, we browse regarding inventors that developed nearly all the engineering principles in use today. They had concepts, bright folks and created prototypes. They were celebrated as icons and legends. However several died terribly poor. They may not transition from inventors to innovators, not because of market issues, however as a result of lack of IPR created it troublesome to attract funding since there was no guarantee to success. No funding, no mass commercialization and no human impact. In our up to date time, the legendary venture capitalists will tell you that if you wish to urge them involved, you would like to own a protected intellectual property.
Two things changed the planet: technology and most significantly IPR. Between the 2, IPR was additional important. Why? Without it, we have a tendency to would still be celebrating inventors with no impact on human lifestyles (simply note that I respect inventors; I am one myself since I have filed my very own patents).
That brings me to the African challenge. In many elements of the continent, the IPR there is still just like the one that existed five hundred years ago. It will mean that Africa cannot prosper, if my logic is correct, till they get a practical and working IPR. It does not matter how abundant aids and loans they get from foreign agencies. While not IPR, nations cannot innovate and without innovation, any economy dies a natural slow death. IPR is that the catalyst that drives national technology policy, making it implementable and sustainable. You can't have a higher technology policy than a sturdy IPR. With sturdy IPR, inventors could become innovators. Without it, everybody sits on his/her ideas and the nation suffers on productivity.
In essence, Global Productivity = Technology + IPR, and productivity interprets into smart standard of living. When nations cannot produce technology, the LHS of the equation suffers. Conjointly, if they have no IPR, that suffers more. See the rationale why Africa is not creating progress? It is an illusion when boys and women in Accra, Lagos, and Nairobi use pirated foreign software, and suppose they're smart. They never grasp that it might have been higher if their nations have laws to stop such illegality. With such laws, they have an opportunity of not needing those foreign software by developing their own and selling them locally, profitably. Within the absence of the IPR, they cannot do business because immediately they unleash software within the market; it seems in all outlets illegally. After 3 months, they shut their outlets! It's a vicious cycle that creates innovation troublesome in Africa since no guaranteed return exists. Why invest your onerous earned cash when there's no law to shield your creations? Why do research? You see why our businesses prefer to import and distribute than produce things?
Last year in Lagos, I hosted a workshop for a few technology entrepreneurs. Everybody needed to grasp how to enhance the business climate. I was not inquisitive about the electricity problem. I told them that the most important problem is lack of IPR in Nigeria. When boys hawk Microsoft Vista for N300 (regarding $2) overtly and no one arrests them, no major artistic business can incubate in that land. I told them that while not a strong enforceable IPR law, someone will eat into their ideas and they may not succeed, particularly if they set up to start making things. My recommendation to the group was to raise government to enforce existing laws and enact new ones where applicable. I told them it would be difficult for them to possess international partners since no one will risk his/her IPR in Nigerian market. Sure, who cares what he says? Alas, one emailed me few days ago explaining how IPR issues prevented him from concluding a partnership with a Chinese firm.

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