Intellectual Property Protection: Key to Accelerating Indonesias Economic Growth
Abstract
Indonesia has the potential to check Chinas economic dominance in the region given its population, natural resources, and relatively low level of fiscal debt. However, Indonesia's growth has begun to stagnate because of its trade protectionist policies, poor business climate including limited intellectual property protection (IPP)and underdeveloped infrastructure. Improving Indonesia's IPP is a key facet to stimulating growth in Indonesia's economy. Indonesia's poor IPP record prevents it from joining key free trade agreements and constrains trade with the United States. Moreover, sound IPP encourages foreign direct investment and is a crucial enabler for middle-income countries, like Indonesia, seeking to transition to a high-income, knowledge-based economy. Therefore, to empower Indonesia to improve its economic growth and realize its potential to serve as an economic balancer against China, Washington has the opportunity to work with Jakarta to improve its intellectual property protection to foster increased Indonesian trade, improve its infrastructure, and contribute to Indonesia's ability to transition to a knowledge-based economy.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 26, 2018
- Accession Number
- AD1077879
Entities
People
- Kristin Paulson
Organizations
- Naval War College