Abstract
Rich country governments aid poor ones financially, but at the same time restrict their ability to copy technical advances, by measures such as the Trade-Related Intellectual Property (TRIPs) annex to the World Trade Organization Agreement. Yet it was through copying one another in this way that the donor countries themselves became rich. Since the ineffectiveness of government-to-government foreign aid is becoming increasingly evident, it would be better to divert a portion of such expenditure to buying out Western-owned patents and trademarks in poorer countries, obviously with safeguards against exports that could have the effect of undermining their value in advanced ones.
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© 2014 William Kingston
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Kingston, W. (2014). A Running Repair for the World Trade Organization. In: Brennan, L. (eds) Enacting Globalization. Palgrave Macmillan, London. https://doi.org/10.1057/9781137361943_9
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DOI: https://doi.org/10.1057/9781137361943_9
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