Essays on Patent System

I. INTRODUCTION The Organization for Economic Co-operation and Development (OECD) defined entrepreneurship as enterprising activities in pursuit of value generation through the creation or expansion of economic activity, either by “identifying and exploiting new products, processes, or markets”. Entrepreneur activities serve as the economic indicator of private investments in the 34 member countries, which include Canada, one of OECD’s founding members. In June 2015, Industry Canada issued a document, Determinants of Entrepreneurship in Canada, which contains six determinants of private investments in Canada consistent with the framework set by the OECD. This framework was an offshoot of the ...

Now that technological progress has made it possible to apply medical innovations for saving human lives, there has appeared a measure of dissonance between the advocates and the adversaries of patents. Patenting means a person is granted a monopolistic or exclusive right to scientific achievement, which is purchasable for a certain financial reward that recoups the disclosure. However, patents imply zero availability of medical procedures to both patients and doctors, which places human lives in jeopardy. The point is that there is a need to protect intellectual property and the need for medical technologies to serve ethical purposes of saving human lives.

Is It Ethical to Patent Medical Procedures

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The industrial revolution is a revolutionary change in the means of production and its organization, which led to the transition from pre-industrial to an industrial society. The classical and the earliest example of the industrial revolution is considered England of late 18th - early 19th centuries. The term "industrial revolution” emphasizes fast and explosive nature of the changes that occurred at the turn of 18-19 centuries, first in England and then in other countries of Europe. For the first time this concept was used in 1830 by a French economist Adolphe Blanqui. Since 1840, it has become widely used by ...

Overview

Like a lioness shielding its cabs from predators are governments protecting its economy from foreign dilution. Every government aims at protecting its economy by preventing foreign dominance into its market. The trade protectionism is achieved when the government restricts trade with other nations. The notion has been achieved in many instances when the government in question passes legislation aimed at regulating importation of certain goods with the sole reason of protecting the local manufacturers. It aims at promoting domestically produced items rather than promoting imports. Ideally, the policy is an utter contrast of free trade where both imports and exports ...

Apple Inc. v. Samsung Electronics Co. Samsung and Apple have engaged each other in multiple of suits in various countries in the world including the United States. The two are the leading companies worldwide with regard to the sales of smartphones and tablets. Despite this success they have been engaged in countless suits in more than 11 countries. In Apple’s case against Samsung in the United States, Apple was suing Samsung for alleged patent infringement violations in a number of their electronic products. Apple also sought redress amounting to billions of dollars as damages if the court found ...

Apple Inc. v. Samsung Electronics Co. Samsung and Apple have engaged each other in multiple of suits in various countries in the world including the United States. The two are the leading companies worldwide with regard to the sales of smartphones and tablets. Despite this success they have been engaged in countless suits in more than 11 countries. In Apple’s case against Samsung in the United States, Apple was suing Samsung for alleged patent infringement violations in a number of their electronic products. Apple also sought redress amounting to billions of dollars as damages if the court found ...

Medical Patent System

Establishing patents on medical market brings serious concerns regarding the ethical conduct of the owners of the patents and of the entire medical system which accepts them, actually. Creating a new drug, a new medicine, or a new medical procedure and registering it as a patent creates a monopoly on the medical market, which is contradictory to the free market that supports the competition, as it implies the existence of a single player on the market (Frank & Bernake, 2004). In addition to this ethic related aspect for disapproving the current patent system on the medical market, there are others to consider, which regard the ...