(Will tip extremely well) How would YOU propose to address the costs and benefits of protecting intellectual property, including life-saving and other innovations, in their country of origin and internationally?

Longer prompt, here it is:

How would YOU propose to address the costs and benefits of protecting intellectual property, including life-saving and other innovations, in their country of origin and internationally? Is the system of intellectual property working fine as it is, or should its enforcement be strengthened OR weakened given the concerns we’ve covered in this course?

Few reading that need to be completed beforehand:

– Arndt, R.Z. (2017, March 7). High U.S. drug prices cannot be explained by R&D spending alone. Modern Healthcare

– Pitts, P.J. (2017, May 9). The false promise of drug price controls. National Review

– Weintraub, A. (2015, February 12). Are sky-high prices for new drugs justified? Forbes

– Greenberg, M. (2015). The Economics of Video Piracy. The People, Ideas, and Things Journal, Cycle 6.

– Besen, S. M., & Raskind, L. J. (1991). An Introduction to the Law and Economics of Intellectual Property. The Journal of Economic Perspectives, 5(1), 3–27.This article was published in 1991 and while there have been some small changes* to Intellectual Property (IP) laws since it was written, the article provides a good introduction to IP. Read to understand main categories, definitions, economic incentives and trade-offs

Paper is due by Sunday night at 11:30PST.