What is the Role of Governments in Preventing IP Theft?
Governments play a crucial role in combating IP theft through legislation and international cooperation. They can enforce stricter penalties for IP theft and provide resources for companies to protect their innovations. Additionally, governments can collaborate with international bodies to standardize IP laws and practices, making it harder for thieves to exploit legal loopholes. Public awareness campaigns can also help in educating stakeholders about the importance of IP protection and the risks of infringement.
