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IFIA M agazine - S ept ember 2019 |

Fourth Industrial Revolution. It is essentially a ques- tion within advanced industrialized economies, and the
tion of policy, social innovation, and collective human adoption of the World Trade Organization’s Agreement
choices. The World Economic Forum wishes to ask these on Trade-Related Aspects of Intellectual Property Rights
questions and explore the answers in global multi-stake- (TRIPS). As the knowledge economy becomes an integral
holder dialogue and through entrepreneurial prototype part of the global economy and society is set to trans-
projects and collaborations experiment with new ways form as a result, there is a desperate need to rethink how
of governing knowledge and ideas to serve the global we value, govern, disseminate and spread information
public interest. and knowledge that benefits all of society – from devel-
oped to developing nations alike. finally, they discussed
In all of this, the discussion that was around intellectual what changes will be needed for the global architecture
property regimes has become prominent. Today’s global to define, protect and advance intellectual property in a
Intellectual Property (IP) system is anchored in its evolu- beneficial way for economies and societies.

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