Intellectual property rights technology diffusion and multinational corporations

Introduction The protection of Intellectual Property forms an important and delicate part of the public policy framework of individual governments as without its proper provision, the incentive to undertake costly and risky investment to create new ideas and inventions become absent. The Intellectual property rights include copyrights (exclusive rights of authors of literary and artistic works such as books, music, paintings, and films for a specified period of time), patents rights( exclusive rights to inventors to make, use or sell an invention for a limited period of time ), trademarks and industrial design rights.