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It is period for the nation to start taking Intellectual Property property rights extremely

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It is period for the nation to start taking Intellectual Property property rights extremely
It is period for the nation to start taking Intellectual Property property rights extremely
By: Md. Nayem Alimul Hyder, Lecturer, Department. of Law
World University of Bangladesh

Bangladesh is rapidly taking steps towards establishing itself as a mid-income country.
Socio-economic indicators demonstrate that Bangladesh is a strong emerging economy and a culturally enriched nation.This emergence has been gradually recognised worldwide and the international media has reported that Bangladesh may surpass western countries by 2050.
These rapid developments have been fueled by the relentless entrepreneurship of locals, government policies, increased availability of technology, creativity and artistic works.
History shows us that creativity and artistic works have been major sources of economic and cultural growth in this part of the world. The creative talent from Rabindranath Tagore to Kazi Nazrul Islam, from Lalon Fakhir to Hasan Raza have always been a ray of hope in this poverty stricken land.
However, extensive infringement of intellectual property rights (IPR) have discouraged creativity and deprived artistic works of their economic value and protection of originality.
Although signs of improvement are evident in various aspects of our economy, our creative and cultural industry is still at a nascent stage. The balance of power is still tilted in favor of publishers and phonogram producers.
There are not enough precedents in our industry guaranteeing the rights of the author/creator. Even the late great novelist Humayun Ahmed had not signed any concrete agreements with publishers to ensure the copyright of his books. Therefore, there is a general lack of confidence, awareness and professional support for creators and authors, which is being exploited by those engaged in piracy.
The ominous dark shadow of piracy has not only affected the authors but the publishers as well; they too are taking a huge hit in terms of finance and goodwill. Moreover, the

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