AMBIGUITIES IN IP OFFICE – AN APOPTOSIS IN KNOWLEDGE ECONOMY (KE) – PROGRAMMED DEATH OF ECONOMY, INDUSTRY OF A NATION
DOI:
https://doi.org/10.22171/rej.v17i26.1266Resumo
ABSTRACT: Post globalization, domestic industry in DCs and LDCs, their economy, industry seem to be collapsing, sort of apoptosis, a programmed death. Although it is impossible to reverse the events, it is certainly possible to assert sovereign power by each and every subject of the nation and more specifically those involved in administration of IPR. Text of the law should be interpreted in context of its evolution so as to regulate the nation.
Entities from developed world have strong financial muscle and are skilled in IPR game for many decades. They are monopolizing sectors of vital importance in DCs and LDCs and will cause suffocation of domestic industries. Domestic industries must know on real time basis in full about the progress of IP and patents in their country to secure areas for monopolization or to dilute wrongly granted or inappropriately enforced patents.
Transparency in IP office and in patent offices, their publications is of utmost importance to developed country or DC or LDC in Knowledge economy. This transparency is necessary to allow domestic industry to perform fearlessly to keep itself aligned with sovereign priorities. To ensure survival of domestic industry base, to erect and install solid industry, to strengthen domestic economy, to ensure better distribution and redistribution of wealth within the nation and to augment employment, various elements of subject population should consolidate and raise their voice so that IPR is administered for the reason for which it received social recognition and sovereign approval. Awake and arise, prioritize your nation first.