Implementing the Potential of Intellectual Products’ Commercialisation in the International Trading System

Abstract

The contradiction between relatively high level of domestic inventive activity and low effectiveness of the country’s participation in international trade is a relevant problem. That contradiction poses a hypothesis: the effectiveness of intellectual products’ commercialisation is determined not only by well-known institutional factors, but also by specific multi-faceted endogenous potential of these products. The implementation of this potential in practice, including international trade, depends on the level of professionalism, intellectual competenceand creativity of the relevant specialists. The purpose of the study is to identify and justify the leadingfactors that allow the fullest realization of intellectual products’ potential and their successful commercialization for ensuring country’s scientific and technological security. Factual and statistical materials were an empirical basis of this research. I applied a variety of methods: analytical and epistemological, economic and legal, structural and logical methods, statistical groupings, comparative assessments. For a focused quantitative assessment, I have selected a system of indicators: net value of the subject of technology agreements; balance of payments for technology; balance of license royalties for the use of objects of intellectual property (IP). The calculations revealed a comparative assessment of the products’ level of commercialisation in the leading countries (both recipients and payers of royalties and license fees). I have determined the main units of the productive institutional mechanisms of intellectual product’s commercialization in these countries that opens possibilities for creating a corresponding mechanism in Russia. A reproductive model for commercialization of intellectual products justifies the need of highly skilled, creative specialists in order to overcome the intellectual- and competence-based «failure» («trap»). Based on the system of the selected indicators, the study allows to objectively assess the implementation of intellectual products’ commercial potential. The results of the research can be used in development and application of relevant laws and regulations, as well as in training of specialists and experts.