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#PIP Western(& Indian?) foreign policy experts and foreign trade negotiators, believe that the economics of merchandise trade, is the same as the economics of patents/intellectual property and the economics of the digital economy, because they are clueless about the last two! p
2/pip Intellectual Property (#IPR): The public economics of #Patents clearly shows that the optimal length of a patent depends on two opposing effects. Greater duration increases the profits from innovation, but patents slow use of new tech & discourge further innovation...2/
3/pip Optimal patent length is diff for diff econ's & diff for diff industries(proved empirically). Optimal length is V diff for developed cntrys(US, EU) than for EMEs(India, Brazil, SA). There's no ec justification for US/EU imposing its view. Int rules must split the diff...4/
