TRIPs and Its Implications for Developing Countries - Assignment Example

Trademark involves the symbol, sign, design of a product, and other that are used by business organizations to provide an identity to their brands (World Trade Organisation, 2002). Moreover, patents are the innovations of an industry that provides competitive advantages to it over others. Trade designs are the design of the process through which an organization executes its business. Furthermore, trade dress relates to the unique packaging of the products (Abbott, 2005). International IPR evolved through the constant demand from the developing and least developed nations.

The international IPRs before TRIPS were regulated by the norms set by the World Intellectual Property Organisation (WIPO). However, certain issues related to the norms of the WIPO were largely felt by several nations (Abbott, 2004). Contextually, the objectives of the assignment include an understanding of the legal issues related to IPRs. The objective of the essay also includes an understanding of the International architecture of protection, which is taking place in the recent period. It also provides detailed information regarding the importance of international as well as national IPRs.

The significances of the study also include the understanding of the treaties of IPRs and the reason behind the WIPO’s marginalization. The assignment also attempts to reveal the objectives of TRIPS. The assignment further intends to reveal that TRIPS has been changing the landscape of IPRs, where earlier the norms were not as structurally firm and effective. However, over time, it has become more effective through reforms brought in the policies and norms. This modification is largely based on the concepts of globalization and trade liberalization.

The developed nations in the modern world predominately rely on a higher degree of technological development through inventions and creativity as compared to the developing nations. These technological developments require the presence of knowledge and understanding. The developed nations in this regard have a higher level of knowledge. As a result of the technological developments, the developed nations were bestowed with greater competitive advantages than the developing nations, which led to further development of the developed nations (Lohr, 2008).