Abstract
The weak implementation of intellectual property laws encourages the counterfeiting and piracy and hence causes huge losses to socio-economic growth of a country. The inference from twenty countries has been drawn and the results reveal that IP laws implementation contributes considerably to socio-economic growth and the influence is found to be more powerful in countries with strong implementation of intellectual property laws. In Pakistan, the implementation ability is unsatisfactory and accordingly socio-economic development is at lower stage. The powerful implementation of IP laws in Pakistan is need of the hour.
Keyword(s)
Intellectual property, Implementation, Piracy, counterfeiting, Socioeconomic growth.