The Regulation of Intellectual Property Trade as a Tool of Modern Protectionism

Technical innovations have become the basis for the development of modern enterprises. Technical innovation and intellectual property rights protection determine the competitive advantages of rights holders in the world market. The intellectual property rights protection is becoming a strategically important issue in the designing of economic policy. This is the key factor determining the direction of competition and affecting the competitiveness of enterprises and entire states in our day. In view of the importance of the intellectual property rights protection, technical innovation and standardization for economic development, the present study considers the intellectual property rights protection as a separate instrument of protectionism policies pursued by developed and some developing countries in the framework of international trade in intellectual property. The focus of the study is on the fact that the international system of the intellectual property rights protection is primarily intended to protect the interests of right holders, who are the more developed countries, and yet it does not always comply with the basic principles of free international trade.