  This paper attempts to analyse policymaking in the field of Intellectual
Property (IP) as an instrument of economic growth across the Global North and
South. It begins by studying the links between economic growth and IP, followed
by an understanding of Intellectual Property Rights (IPR) development in the
US, a leading proponent of robust IPR protection internationally. The next
section compares the IPR in the Global North and South and undertakes an
analysis of the diverse factors that result in these differences. The paper
uses the case study of the Indian Pharmaceutical Industry to understand how IPR
may differentially affect economies and conclude that there may not yet be a
one size fits all policy for the adoption of Intellectual Property Rights.
