Development of Intellectual Property Laws and Foreign Direct Investment in Jordan
Intellectual property rights (IPRs) have become inc reasingly important. In particular, increased international trade, global economies, an d developing technologies have played a key role in the development of Intellectual Property laws. T hese factors determine the need for strong IPRs regimes to attract foreign investments in local ent erprises. The same factors also encourage contributions for transfer of technology, and the c reation of new jobs in the host country. Seeing the benefits of foreign investment and the significance of Intellectual Property laws in encouraging these, Jordan has taken important steps to reform i ts legal environment for the protection of intellectual property rights. This paper will exami ne Jordanian Intellectual Property laws concerning the promotion of foreign investment. In particular, the paper will explore the constant need for improvements in legislation, administration, the en forcement of Intellectual Property laws and the necessity to bring them in line with international standards.