Multilateral Organization vs. Bilateral Negotiations: A Case of the Trade-Related Aspects of Intellectual Property Rights (TRIPs)

27 Pages Posted: 1 Dec 2017

See all articles by Namhoon Kwon

Namhoon Kwon

Korea Information Society Development Institute (KISDI)

Date Written: December 31, 2001

Abstract

In the 1990s, the issue of intellectual property rights (IPR) protection gained a prominent place on the international trade agenda, which led to the establishment of the trade-related aspects of intellectual property rights (TRIPs) as a part of the WTO regime. Two questions are asked regarding this development: whether a multilateral organization such as the WTO performs better than bilateral negotiations in resolving IPR disputes, and what happened around the 1990s to create an environment favorable to the establishment of a multilateral organization. To deal with these issues, this paper takes the IPE (international political economy) approach. Using a very simple game theory model, I derive the cases in which a multilateral organization has better performances. Then, it is used to show that political pressures due to the growth of the US trade deficit in the late 1980s could have been the reason that a multilateral organization became the institutional equilibrium.

Keywords: WTO, TRIP, Bilateral Negotiations, Multilateral Organization

JEL Classification: F13, F51, F53, O34

Suggested Citation

Kwon, Namhoon, Multilateral Organization vs. Bilateral Negotiations: A Case of the Trade-Related Aspects of Intellectual Property Rights (TRIPs) (December 31, 2001). East Asian Economic Review, Vol. 5, No. 2, pp. 167-193, December 2001, Available at SSRN: https://ssrn.com/abstract=3079321 or http://dx.doi.org/10.2139/ssrn.3079321

Namhoon Kwon (Contact Author)

Korea Information Society Development Institute (KISDI) ( email )

JuAm-Dong 1-1
Gwacheon, GyeongGi-Do 427-710
Korea, Republic of (South Korea)

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