ROLES OF PATENTS IN ECONOMIC DEVELOPMENT AND INTEGRATION

Abstract

In this paper we have worked on a number of documents and articles published to find a relationship
between patents and the economic growth of countries. We have found that patents and their
applications are important for economic growth. The patent is not always a global indicator of all
the technological knowledge produced, since a considerable number of technological know-how
remains in the form of business secrets or sometimes the technology is published in scientific
articles.
The patent can be an economic policy instrument to encourage investment in research and
development. More patents lead to more innovations and vice versa. The patent is a vector of
economic growth through the promotion of innovation.