Since IP is a crucial factor in the growth of a company, the government of Barbados has taken unique measures to come up with a national plan that will strategically aid the country’s economic growth through Intellectual Property.
Enlisting the Aid of WIPO
Barbados has enlisted the aid of the World Intellectual Property Organization (WIPO) and has taken measures to ensure that the country’s Intellectual Property will be protected against any global threat of theft. This calls for the restructuring and development of the country’s industries, so that productivity will be increased. Of course, the key to this is the creation of Intellectual Properties in the economic, industrial, and social sectors which will improve the competitiveness of the country in the global market.
The Key Factor
It is not an easy task for a government to undertake, especially as it involves the creation of Intellectual Properties and everyone knows just how vulnerable they are. It will take a toll on the resources of a country as extensive research will have to be done in every sector and it will bear fruit only when they come up with results that are marketable. Certain policies will have to be adopted from other countries to improve their science and technology field. Numerous infrastructures will have to be enhanced and there must be an evolution in the conditions that are prevailing in the country.
The Future is Set
All things said and done, Barbados seems to have taken a step in the right direction, and since the country was classified as a developed country, there is great hope that it will achieve its goal in the near future. The plan has been set in motion and the country is heading for economic and cultural growth. Barbados seems to have addressed one of the main concerns for any country in today’s world, which is existing protection available to Intellectual Properties and important measures to be implemented that will meet the people’s needs and aid in the economic growth and development.
At Widerman Malek, our team has helped numerous clients manage the complexities of divorce in…
In the world of intellectual property, inventorship is a critical and often misunderstood concept. Determining…
When it comes to resolving business disputes, mediation offers a uniquely effective approach that goes…
Widerman Malek is excited to sponsor the Junior Achievement of the Space Coast Business Hall…
Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act (CTA) is back in effect…
We are excited to welcome attorney Jeff Smith to the firm’s Celebration office. Bringing over…