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The economic system is generally understood to operate on the premise of exchange. The most important factor in economic development has always been technology, as a way to expand a limited resource base. Such increase in technology and knowledge is generally accepted by economists, but the mechanisms of exchange through which this happens are much less studied. Generally, a static analysis of product exchange, incorporating new technology, has been undertaken.

This book explores the transition of trade in ideas from an exchange largely within firms and nations to an...

Patents and other intellectual property (IP) rights are increasingly part of cross-border trade in their own rights. Patent transfers and patent licensing between inventors, investors and innovators create new business strategies of cooperation in the creation of new technology – increasing the productivity in the stock of technology assets – and efficient “distribution” of these rights. The rights bundles are then used – also increasingly – in products and services being traded cross-border, furthering economic efficiency created by this cooperative strategy. Today’s...

The economic system is generally understood to operate on the premise of exchange. The most important factor in economic development has always been technology, as a way to expand a limited resource base. Such increase in technology and knowledge is generally accepted by economists, but the mechanisms of exchange through which this happens are much less studied. Generally, a static analysis of product exchange, incorporating new technology, has been undertaken.

This book explores the transition of trade in ideas from an exchange largely within firms and nations to an...