Copyright Law Economy and Development

There has been an increasing awareness as to the nexus between economics and law affecting the economy, as a whole. Many economic laws purport to uphold the rule of law and any violation of the laws is meted out with appropriate punitive measures. It is the bounden duty of citizens as well the lawmakers and implementers of safeguard the basic tenets of the rule of law principles embedded in the laws and see that they are enforced and adhered to with economic rationality. In this, discussion on intellectual property rights has centered around compliance to the WTO standards and all the member countries including India are to modernize their IPR laws toward a globalized adoption and relevance. This volume attempts to pinpoint the status of IPRs with special reference to copyright laws and the likely issues involved in enforcement, violation and adherence to the copyright law and neighboring matters. The papers included are the outcome of a seminar and issues discussed range from the salient features of copyright and other IPRs, the problems in enforcement, the extent of adherence and the prospects in the globalized world. Copyright being a sovereign right can be exchanged provided there are some costs including monopoly empowerment, but in this the economy’s overall welfare has to be safeguarded. In this, it is hoped that the papers written by experts in the field of law would be a beginning to understand the nuances of copyright and other IPRs and their role in the economy. There is the necessity for further deliberations on the nexus between economy and law and it is hoped that this volume would fill in the gap confronting the desired linkage.