The Role of Intellectual Property in Developing a Knowledge-Based Society

Abstract

A long-time dominant position of protective features in the intellectual property (IP) rights has been neutralized by their commercializing possibilities. Patents, trademarks and other forms of IP are increasingly being seen as trading assets rather than protection agents. The economic approach to intellectual property emphasizes the material value of intellectual property, which can be appropriated only if that property is used economically, regardless of its actual legal protection status. National institutions dealing with IP rights need to have a continuous service-oriented approach with developing new and specialized services to facilitate the needs of societies which tend to base their competitiveness on the strength of knowledge they possess. The process of transformation to a knowledge-based economy demands that companies fully understand and take advantage of the IP system, which is where business support institutions can provide assistance. A contribution to the increase in the use of the IP system by Serbian companies in recent years can be attributed to the introduction of new services by the Intellectual Property Office of the Republic of Serbia.

Knowledge Management and Innovation in the Digital Era: Providing a Sustainable Solution

“…Since, in order to create an environment for knowledgedriven growth, it is absolutely necessary to ensure the investments in knowledge, science, technology, education, and human capital as well as innovation itself, the Global Innovation Index (GII) [31], was introduced as a key tool for fostering the knowledge-driven growth in the digital era. According to this framework, investments in knowledge, science, technology, education, and human capital are central to this goal.…”

“…The current figures predict that global economic activities will soon escalate making it even 4% in 2019 [31]. Although different analysis indicates positive perception towards this conceptual framework, there is a belief that contemporary organizations need to better prioritize such practices that foster knowledge-driven growth [31].…”

“…The current figures predict that global economic activities will soon escalate making it even 4% in 2019 [31]. Although different analysis indicates positive perception towards this conceptual framework, there is a belief that contemporary organizations need to better prioritize such practices that foster knowledge-driven growth [31]. Since, in order to create an environment for knowledge-driven growth, it has become absolutely necessary to ensure the investments in knowledge, science, technology, education, and human capital, the Global Innovation Index was introduced as a key tool of detailed metrics for 126 countries worldwide.…”

“…The Innovation Input Sub-Index is divided into five input pillars that foster innovation and knowledge-driven growth [31]: The Innovation Output Sub-Index include two output pillars that provide an overview of knowledge-driven outputs [31]:…”

“…The Innovation Efficiency Ratio is the ratio of the Output Sub-Index Score to the Input Sub-Index Score. ''It shows how much innovation output a given country is getting for its inputs'' [31]. Note that each individual pillar and each subpillar measures its individual indicators, thus counting for a total of 80 indicators [31].…”