Globalization and Development by Unknown

Author:Unknown
Language: eng
Format: epub
ISBN: 9783030117665
Publisher: Springer International Publishing

Index year

Business freedom index

2016

70.1

2015

68.4

2014

68.3

2013

68.1

2012

68.2

2011

69.4

Source: World Bank (n.d.). Retrieved from: http://​www.​heritage.​org/​index/​explore?​view=​by-region-country-year#top

Property rights: “enforced property rights guarantee that individuals have the right to harvest the fruits of successful opportunity exploitation and no one is confiscating or stealing their property or business” (Bhola et al. 2006).

The property rights component is an assessment of the ability of individuals to accumulate private property, secured by clear laws that are fully enforced by the state. It measures the degree to which a country’s laws protect private property rights and the degree to which its government enforces those laws.

Oman implements its obligations under those treaties through a number of Royal Decrees made in 2000 on patents, copyrights and neighbouring rights, trademarks and unfair competition, industrial designs, geographical indications and semiconductor topographies. The Sultanate’s copyright law has been supplemented by Royal Decree No. 65/2008 Promulgating the Law on Copyright and Related Rights and its law on industrial property rights by Royal Decree No 67/2008 (NIPC Gulf). Moreover, Oman signed many treaties related to intellectual property rights (TRIPs, Intellectual Property Law in Kuwait, the GCC Patent Regulation and Implementing Bylaws, Oman is also party to the Paris and Berne Conventions, the WIPO Copyright and Performances and Phonograms Treaties, the Patent and Trademark Law Treaties, the UPOV Convention and the Patent Cooperation Treaty, Madrid Protocol and Hague). Hence, the level of property rights in Oman is high (Table 4).Table 4Property rights index for Oman (2011–2016)

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