IPRs protection and their impact upon FDI, GDP growth & Trade

Globalization has let into the emergence of the called new/digital economy which assimilates in a great degree IPRs. To that extent, in a knowledge-driven economy, the successful protection of IPR is emerging as a crucial ingredient of commercial triumph. Intellectual Property Rights (IPRs) are the intangible capital forming FDI that has significantly changed the landscape of the global economy. Thus, IPRs protection is a vital means in attracting FDI inflows contributing to the growth of a country. Which is the role of IPRs in attracting FDI, GDP growth and Trade? The current work via a quantitative analysis of IPRs laws of 79 countries and an econometric analysis provides an answer. The present work is useful to Lawyers, Economists, Researchers and College Students.