PROTECTION IN SOFTWARE: COPYRIGHT OR PATENT

This paper provides an analytical overview of how software industry may be promoted or hindered by an effective system of intellectual property rights (IPRs) which ultimately enjoins economic development of the country. Increasingly software is being described as a collection of processes, as a unique machine, or both, enabling the protection of the inventive concepts behind an original program. The potential gains and losses depend on the competitive structure of markets and the efficiency of related business regulation, including technology development policy. Overall, there is a positive impact on growth in age of internet, but this impact depends on the competitive nature of the economy. The paper concludes by putting forward suggestions for protection of software technology by patenting or copyright tools.