Chapter 8: The Brazilian patent system: challenges for the future
Globalization has led not only to a change in trade and cultural relationships among countries, but it has also created a friendly environment towards innovation worldwide. The world has recently witnessed fastgrowing innovation in many areas: the fields of information technology and biotechnology being a representative example. In this globalized era, economic development is closely related to technological development. In a society where wealth creation is no longer based solely on real estate, but rather on the magnitude of digital and genetic information, intellectual assets have become a major source of economic growth. Along with the development of industrial, commercial and cultural business, the advancement of high technology founded on information and knowledge, that is Research and Development (R & D), is vital to a country’s economic growth. In this regard, a country’s technological development is closely linked to its patent system. The patent system is a mechanism to protect pioneer industrialists and investors against the spillover of innovative information and, thus, competition by those who have not taken the initial financial risks. By assuring the exclusive use of the patented innovation for a limited time, the patent system facilitates the disclosure of such techniques and the possibility for the public to benefit thereof within a relatively short term.
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