Example of statement of the problem in research paper is the description of a certain difficulty or lack that requires a solution or at least research, in order to see whether it can be properly solved. It can report on a condition that has to be improved, specific area of concern, or a problematic question existing in theory, in practice, or in the scholarly literature that needs meaningful understanding and deliberate investigation. Example of statement of the problem in research paper usually comes at the research proposal and includes the outline of the basic facts of the addressing issue and an argument for its importance.
Intellectual Property Rights and Foreign Direct Investment
Nowadays, the problem of intellectual property has turned into one of the most aggravated topics of the disputes among the modern society. The main factor promoting the friction around this issue is the globalization of the economic activities along with the expansion of the international transactions, which involve knowledge-intensive products. In particular, this concerns the FDI decisions, which relationship with the intellectual property rights lacks proper empirical evidence.
The issue of the intellectual property is of great importance to the contemporary communities and can be identified as relevant to the global economy due to the number of pivotal reasons. First of all, as it has been mentioned above, the majority of the international transactions involves the knowledge-intensive products, which are considered as an intellectual property. These products mainly refer to the technologies and innovations, including databases and electronic information, transfer of which has become one of the main processes in the global economy. Among the range of the market-based channels of the technology transfer foreign direct investment (FDI) is the most significant one. Thus, in these terms, the decisions on foreign direct investment can be claimed to be closely related to the intellectual property rights.
Secondly, the globalization of the economic activities has turned the attention of the regional as well as global trading arrangements to the problems of regulatory convergence with the considerable emphasis on the intellectual property rights. This can be explained by the fact that stronger intellectual property is believed to stimulate the innovation in developing countries, promoting their growth and providing greater choice to the consumers around the world. Moreover, despite the controversy that persists over the international means of protecting the main information technologies, there is a commitment among the world countries to achieving strong protection of the intellectual property rights.
Thus, the international commitments have fostered a movement toward the increase of the standards of protection of the intellectual property at a worldwide level. As a result, a great number of developing countries have begun to reform their regimes of intellectual property rights’ protection in response to the domestic and external pressures. Hence, the long-term global reformation of the intellectual property rights allows to predict that IPRs are likely to become essential for the successful foreign direct investment decisions in near future.
Consequently, the issue of the necessity of protection of the intellectual property rights and their relationship with the foreign direct investment decisions is of high importance and requires proper understanding and exploration. For this purpose would serve the following research, findings of which will help to explore IPRs’ influence on the global economy and suggest the possible solutions for the international disputes on this topic.
References
- Branstetter, L. & Saggi, K. (2011). Intellectual Property Rights, Foreign Direct Investment and Industrial Development. The Economic Journal, 121(555), 1161-1191. http://dx.doi.org/10.1111/j.1468-0297.2011.02440.x
- Kashcheeva, M. (2013). The role of foreign direct investment in the relation between intellectual property rights and growth. Oxford Economic Papers, 65(3), 699-720. http://dx.doi.org/10.1093/oep/gpt015
- Liu, W. (2015). Intellectual Property Rights, FDI, R&D and Economic Growth: A Cross-country Empirical Analysis. The World Economy, 39(7), 983-1004. http://dx.doi.org/10.1111/twec.12304
- Pathak, S., Xavier-Oliveira, E., & Laplume, A. (2013). Influence of intellectual property, foreign investment, and technological adoption on technology entrepreneurship. Journal Of Business Research, 66(10), 2090-2101.
- http://dx.doi.org/10.1016/j.jbusres.2013.02.035
Vanhonnaeker, L. (2015). Intellectual property rights as foreign direct investments. McGill University.