Latest Study -- September, 2014:
To Reclaim Prosperity, Puerto Rico Should Adapt Ireland's Model for Modernization And Focus on Attracting Investors from Around the World
By Robert J. Shapiro
As the effective application of new technologies has become increasingly important to most nations' economic growth and development, the significance of intellectual property (IP) rights has also increased. Most technological innovations come from the world's most advanced countries; and the transfers of those technologies to developing nations, mostly through the foreign direct investments (FDI) of multinational companies, are critical to efforts to modernize their economies. The economic returns on these transfers depend on the foreign investor's ability to claim the profits from its innovations. As a result, a willingness to respect and enforce the IP rights of those foreign direct investors has become a prerequisite for modernization in most developing countries...