August 01, 2007 (LBO) – Developing countries Sri Lanka must be provided policy space in areas like intellectual property and get a comparative advantage in world markets, academics say.
“The trade rules, even though biased against developing countries, have still created a situation which developing countries with the right policies might be able to succeed in bringing about development.”
There is a great divide between the rich world and the poor world. We can see astonishing wealth being enjoyed by some countries [while] billions of people experience enormous poverty, Tony Anghie, professor of law in the University of Utah says.
The rich world was able come to its current position by amassing wealth, making use of relaxed intellectual property laws and the protection that was given to industries while they were in the developing stage, he told an international trade law conference organized by the Sri Lanka Law College.
The success of these countries led to the strong argument being made that in order for development to be achieved, what is really required is some degree of protection for the developing countries,” Anghie says.
“That is the model of de