There has been much debate in developing countries on intellectual property rights (IPR) in terms of protection of innovation and technology diffusion. Developing countries have huge technology disadvantage in today’s globalised economy. These countries acquire technologies from foreign markets as they lack resources to develop and innovate in the domestic market. Moreover, weak IPR protection in the developing economies forces entrepreneurs to import new technologies from advanced or developed countries. All this shifts benefit to foreign entities which gain a monopoly in the developing countries by implementing strong intellectual property rights.
