Third world States should use laws for commercial value

The phrase “Hakuna Matata” is today the intellectual property of an American company, Disney World. It was first registered as a trademark in the United States in 1994. Disney World have turned a common phrase into a piece of property that has value. The instrument they used to achieve this is the law. Specifically, intellectual property law.

Intellectual property is the currency of our time. There was a time the global economy was driven by the production of goods. Over time, production was replaced by the supply of services. Today, the engine of the global economy is powered by the provision of information.