Improving Intellectual Property Legislation in The Context of an Innovation-Driven Economy

Abstract

The transition from a resource-based or efficiency-driven economy to a technological and innovation-driven growth model requires institutional, legal, and structural transformation. Among the key determinants of such transformation is the development of a robust intellectual property (IP) system capable of protecting innovation outputs, stimulating investment, and facilitating technology commercialization. This article examines the economic and institutional role of intellectual property in fostering technological upgrading, increasing productivity, and strengthening national competitiveness. Drawing upon international empirical studies and global policy frameworks, the paper analyzes how IP protection contributes to innovation ecosystems, venture capital development, technology transfer, and digital transformation. The findings suggest that strengthening intellectual property governance is a strategic precondition for sustainable technological growth and integration into global value chains.