The modern globalised economy paved way for the emergence of new IPRs. Do you agree? Critically comment.

The modern globalized economy has indeed played a significant role in the emergence and evolution of intellectual property rights (IPRs). Intellectual property rights refer to the legal rights granted to individuals or entities over creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. These rights enable creators and innovators to protect their intellectual creations and benefit from their use. While the concept of intellectual property has existed for centuries, the globalization of trade and technology has led to several notable developments in the realm of IPRs. 

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