The Role of Intellectual Property Rights in Facilitating Global Trade in Developing Countries

Abstract

This article provides an overview of the role of intellectual property rights in facilitating global trade in developing countries. The findings indicate that intellectual property ownership and its role in international trade have become crucial and vital in the current era of the legal-economic structure of countries. Intellectual property laws are dynamic and constantly evolving in line with global societal conditions, which enhances the dynamism of international trade. Nowadays, the competitive environment compels organizations to change their management approaches. Organizations are encouraged to utilize organizational resources more efficiently while focusing on innovation to gain a competitive advantage. On the other hand, organizations and companies with a competitive advantage require the management of intellectual property to preserve and protect their innovative achievements, as this facilitates their connection with international trade.