A strong patent system is to the detriment of innovation:A review of foreign literature

Abstract

Abstract: Patent system has been regarded by the academia and governments as the best incentive mechanisms for inspiring passion for innovation and for encouraging innovation input. However, as the patent systems of main developed countries become increasingly stronger and stricter, more and more economists and innovation experts have continuously challenged this system. They point out that strong patent protection might hinder innovation and do harm to economic growth. Milder patent system working with other incentive mechanisms such as public funding, prizes, and patents buy-out will enable the innovation incentive system to operate more effectively.

Key words: patent system, innovation, economic growth, innovation incentive system

CLC Number:

Liang Lingling, Chen Song. A strong patent system is to the detriment of innovation:A review of foreign literature[J]. Science Research Management, 2011, 32(10): 104-108,160.

References

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