INTELLECTUAL PROPERTY AND SUSTAINABILITY OF GLOBAL DEVELOPMENT PROCESSES IN NIGERIA

Abstract

Intellectual property refers to creations of the mind, and intellect such as inventions, literary and artistic works and images used in commerce and other innovative ventures. Typical examples of Intellectual Property include author’s copy right, logo designs of products, websites or patents on processes of manufacturer. It is in fact a category of property that includes intangible creations of the human intellectual, and there have strong impacts on economic growth. The World is craving for sustainable development – a development that meets the needs of the present without frustrating future generations in meeting their own needs. These needs are specifically economic, social and environmental in nature and there is no doubt that Intellectual Property and its protection plays a pivotal role in sustainable development. This paper seeks to appraise the importance of Intellectual Property and the laws governing it in Sustainable Development. Recommendations as to the way forward shall be also proffered.