ABSTRACT
Knowledge is power. It can also be intellectual property when it belongs exclusively to one person. Intellectual property has taken on a much more significant role in global economics since World War II. This is due in a large part to the shift away from the traditional industries-cars, steel, mining, and textiles-to high-technology information-based industries. Industries based primarily on knowledge and fast-rising technologies, such as semiconductors, advanced materials, biotechnology and information technology, are the ones experiencing economic growth today.
