Today, my macroeconomics professor gave us this article to read and it had to do with this class! It is about intellectual property and if it helps or hurts economic growth. The Article argues that in some countries, following strict intellectual property laws can help economic growth because it forces companies and inventors to make new products that have never been made before. But in some cases, such as with less developed countries, these laws could slow down economic growth. To illustrate this idea, an example would be if a company came up with the idea of a boat. If that idea was patented, in a smart, well-developed country, someone will invent a plane so they can still have international trade. But in a country that is incapable of creating a plane, the boat would be able to be used as a way to sell goods. If the boat is patented and can not be used by anyone other than the inventor, the company that invented it would do very well, but the country as a whole would not benefit from the invention.