Open AccessRELEVANCE THE REGULATION OF INNOVATION WITH THE CHALLENGES OF INFORMATION TECHNOLOGY AND COMPETITION
Author(s) -
Dragana Radenković Jocić
Publication year - 2018
Publication title -
facta universitatis. series: economics and organization
Language(s) - English
Resource type - Journals
eISSN - 2406-050X
pISSN - 0354-4699
DOI - 10.22190/fueo1704333r
Subject(s) - intellectual property , competition (biology) , competitor analysis , order (exchange) , business , subsidy , investment (military) , industrial organization , currency , relevance (law) , competition law , element (criminal law) , industrialisation , value (mathematics) , market economy , economics , marketing , finance , monopoly , monetary economics , law , ecology , machine learning , politics , political science , computer science , biology
Intellectual property is directly connected with competition law. On the other side, it should be noted that innovation as a part of intellectual property rights make significant element of companies’ activities if they want to be competitive at the market. This is the reason why it is possible to say that competition law belongs to rules of economic relationships. Law is important for companies in sense to promote economic efficiency. The competitiveness is the ability of a region to export more in value added terms than it imports. That definition is very important for companies and for investors at the same time. Due to that, governments have to pay attention on all possible so-called discounts, including an artificially low currency, suppressed wages in export sectors, artificially low taxes on traded sector firms and direct subsidies to exports. Governments, but the legislators also should control barriers and obstacles, in order to improve measurements to eliminate them. It could be very important sign for investor. Finally, intellectual property rights will show their significance through the companies’ competition policy. The whole Europe develops research and development area, focusing on major competitors. Due to that task participants are interested especially in the share of private investment in a field of research.