Intellectual Property Rights and Creative Economy; Way Forward for Pakistan

Abstract

This paper examines the relationship between enforcement of intellectual property rights and growth of the creative economy. Intellectual property based creative industries highly contribute towards national economy through trade, value addition, and tax revenues. Size of the global creative economy has almost doubled during 2015 leading it to the figure of $509 billion that was $205 billion during year 2002. It is worth noting that major player in global volume of creative economy are South Asian countries such as China, Hong Kong, Malaysia, India, and Taiwan. Major creative industries include software, pharmaceutical, music, cinema, fashion, design, art, culture, photography, publishing, and other related creative works. Creative industries need support of effective enforcement from intellectual property rights to pay incentive to a creator for its investment of expertise, labour, and finances. In absence of effective intellectual property enforcement and violation of intellectual property rights, innovation may go slow that affects growth of the creative economy. This research highlights potentials of growth of the creative economies in Pakistan in terms of intellectual property rights.

Efficient Regional Taxes in the Presence of Mobile Creative Capital

“…He describes the circumstances in which a policy of subsidizing investment and raising the revenue for this subsidy with lump-sum taxes, increases economic welfare. Khan et al (2019) contend that there is a clear connection between the growth of a creative economy and the enforcement of intellectual property rights. Therefore, adequate enforcement of these rights is necessary to generate tax revenues that can then be used to provide incentives to creators for their investments of labor, finance, and expertise.…”

Can Leviathan City Governments Use Tax Policy to Attract the Creative Class?

“…He delineates the circumstances in which a policy of subsidizing investment and raising the revenue for this subsidy with lump-sum taxes increases economic welfare. Khan et al (2019) claim that there is a clear connection between the growth of a creative economy and the implementation of intellectual property rights. Therefore, adequate implementation of these rights is necessary to engender tax revenues that can then be used to provide incentives to creators for their investments of labor, finance, and expertise.…”

Intellectual Property Rights and Protection: A Comparative Analysis of Pakistan and China

“…Intellectual property rights (IPR) allow the creators and the inventors of products and services to get full commercial advantages from their inventions and creations (Khan, Habib, & Mehmood, 2019). However, it is claimed that the value of IPR is sometimes underappreciated owing to a lack of suitable IPR understanding, particularly in developing nations.…”