Competition Policy and Intellectual Property Rights in Developing Countries

Abstract

Developing countries can gain from improving competitive processes within their economies. In large part such gains would come from increasing the contestability of markets through further opening to foreign competition, deregulating state-supported enterprises, and ensuring adequate market entry and exit. Competition law could play a useful complementary role in this process. The introduction of new regimes covering intellectual property rights invites consideration of competition regulation because the two are closely related. Developing countries could benefit from a multilateral agreement establishing basic principles in competition enforcement. Finally, it is sensible to permit each country to maintain its own approach to regulating parallel imports.

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