Hot debate over technology issues
I am of the view that there should be a balance between the IP owner and the developing countries.
Developing countries needs climate friendly technology to develop a greener economy. Something that we hope for in fight agaisnt global warming and other environmental issues. High cost always a hindrance in adopting greener economic practice.
However, to deny economic incentive to the 'inventor' will negative production of new inventions in the long run. Without economic carrot, the number of invention will decrease and this will be an antithesis to the development of green technology.
The solution lies in the balance of trade off between the two parties. The owner of green technology should offer the green technology at an affordable price. In fact, this will harness the creativity of inventors to come up with cheaper and affordable technology to cater for these markets. Developing countries offers a huge market for affordable green technology. As what been suggested by C. K Prahalad, fortune lies at the bottom of the pyramid.
Wednesday, October 28, 2009
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