The Role of Intellectual Property Rights in the Economic Prosperity and International Trade of Developing Countries

The technological growth of developing countries, creating new markets, has transformed production and innovation processes. On the other hand, it has increased the competitiveness and increased the export of their industrial products to world markets and has threatened the comparative advantages. The globalization of trade competition has led developed countries to pursue other strategies based on intellectual property rights to maintain their competitiveness and share in international markets. The purpose of this article is to examine the role of intellectual property rights in the international trade of developing countries and to answer the question, what is the role of intellectual property rights in the economic prosperity and international trade of developing countries? In response to the question, it is hypothesized that intellectual property rights in knowledge-based companies play an effective role in the economic development of developing countries.