Open AccessSolutions to promote the equal commercialization of traditional knowledge in Vietnam
Author(s) -
An Quoc Chau
Publication year - 2017
Publication title -
khoa học và công nghệ: kinh tế - luật - quản lý
Language(s) - English
Resource type - Journals
ISSN - 2588-1051
DOI - 10.32508/stdjelm.v1iq2.444
Subject(s) - commercialization , traditional knowledge , poverty , indigenous , order (exchange) , business , process (computing) , sustainable development , economic growth , marketing , political science , economics , computer science , ecology , finance , law , biology , operating system
The equal commercialization of traditional knowledge plays an ever increasingly important role in poverty elimination, cultural preservation, and sustainable socio-economic development. However, the commercial exploitation of traditional knowledge has not been paid appropriate attention whereas reasonable benefits of the indigenous are not properly respected; privacy, culture and belief of the indigenous community are violated. In order to promote the commercialization of traditional knowledge as well as to ensure the equality in the exploitation process, this paper presents an overview of the current commercial exploitation of traditional knowledge in Vietnam as well as analyzes reasons leading to unsustainable and unequal exploitation of traditional knowledge, thereby providing feasible solutions to boost the equal commercial exploitation of traditional knowledge.