Global market for intellectual property at present

Abstract

The article focuses on the specific features of global intellectual property market functioning for the last two decades. Consequences of the rapidly growing number of patent applications for institutional and functional aspects of international trade in patents and licenses are analyzed.
The author examines some new forms and methods of trade in intellectual property assets, which are being increasingly used in international business practice. Besides, changes in state policies and legislation aimed at enhancing the influence of intellectual property markets on innovation
activities are assessed.