Ebook Assessment of Business Strategies and The Enabling Environment
Jordan’s economy has expanded significantly since Jordan implemented better intellectual property laws between 1998 and 2001, particularly in contrast to other Middle East neighbors in the post-9/11 context. Growth has been robust in Jordan’s pharmaceutical and bio-medical technology industries.
Much of this success can be attributed to the improved protections for intellectual property rights (e.g., patents and trademarks). These improvements were required for compliance with international trade agreements; in April 2000, Jordan acceded to the World Trade Organization, making it party to the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), and in 2001 Jordan concluded a Free Trade Agreement with the United States. The improved IP regime paved the way for a broad range of benefits in the Jordanian health care sector and has fueled the growth of Jordan’s knowledge economy. This has been reflected in the growth of health-service contributions to the Jordanian GDP, which increased from 2.8 percent in 1997 to 3.5 percent in 2001. Health-services employment has grown 52 percent since 1997. The increase in employment opportunities reflects, in part, the contribution of clinical research and trials.
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Ebook Assessment of Business Strategies and The Enabling Environment
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