The Globalization of Private Knowledge Goods and the Privatization of Global Public Goods

36 Pages Posted: 14 Apr 2005

See all articles by Keith E. Maskus

Keith E. Maskus

University of Colorado at Boulder - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Jerome H. Reichman

Duke University School of Law

Abstract

Global trade and investment have become increasingly liberalized in recent decades. This liberalization has lately been accompanied by substantive new requirements for strong minimum standards of intellectual property (IP) protection, which moves the world economy toward harmonized private rights in knowledge goods. While this trend may have beneficial impacts in terms of innovation and technology diffusion, such impacts would not be evenly distributed across countries. Deep questions also arise about whether such globalization of rights to information will raise roadblocks to the national and international provision of such public goods as environmental protection, public health, education, and scientific advance. This article argues that the globalized IP regime will strongly affect prospects for technology transfer and competition in developing countries. In turn, these nations must determine how to implement such standards in a pro-competitive manner and to foster innovation and competition in their own markets. Developing countries may need to take the lead in policy experimentation and IP innovation in order to offset overly protectionist tendencies in the rich countries and to maintain the supply of global public goods in an emerging system of transnational innovation.

Keywords: globalization of knowledge, intellectual property rights

JEL Classification: K2, O3

Suggested Citation

Maskus, Keith E. and Reichman, Jerome H., The Globalization of Private Knowledge Goods and the Privatization of Global Public Goods. Journal of International Economic Law, Vol. 7, pp. 279-320, June 2004; Duke Science, Technology & Innovation Paper No. 692902. Available at SSRN: https://ssrn.com/abstract=692902

Keith E. Maskus (Contact Author)

University of Colorado at Boulder - Department of Economics ( email )

Campus Box 256
Boulder, CO 80309
United States
303-492-7588 (Phone)
303-492-8960 (Fax)

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Jerome H. Reichman

Duke University School of Law ( email )

210 Science Drive
Box 90362
Durham, NC 27708
United States

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