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The Forum > Article Comments > We need IP in the TPP for Australia's prosperity > Comments

We need IP in the TPP for Australia's prosperity : Comments

By Alex Butterworth, published 20/2/2014

Australia's respect for intellectual property has helped create a sophisticated economy with diverse hi-tech industries. Our biotechnology sector is perhaps the most compelling example.

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This article does not identify which protections, precisely, are under threat from the negotiations and why, making it hard for readers to judge whether the government’s stance is in the community’s interest or not.

It is true that IP protection provide incentives for researchers and companies to invest in R&D that can be of great benefit to the community. But it is also true that these protections mean that producers can sell their products at massive mark-ups compared to their cost of production for many years.

From the point of view of the community’s welfare, the trick is to balance these competing interests: too little IP protection, and innovation and R&D suffer; too much, and we pay too much for too long.
Posted by Rhian, Thursday, 20 February 2014 3:00:58 PM
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