The TRIPS agreement and the Health Impact Fund

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GRIN Publishing

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491_9783668052253

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Seminar paper from the year 2014 in the subject Philosophy - Practical (Ethics, Aesthetics, Culture, Nature, Right, ...), grade: 8,6, Maastricht University (University College Maastricht), course: Tutorial, language: English, abstract: This article is intended to complement the intellectual property (IP) debate and its connection to accessibility of medicines for the global poor with an inside into ethical philosophy.The right to property has since a long time dominated the globe and its economic system. Under the, in 1994 introduced, Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS) by the WTO, IP became internationally recognized and regularized as to obey the laws of property and this way the neoliberal trade rationale. Conclusively, the pharmaceutical industry is free and encouraged to put patents on their (life-saving) medicines and prevent the production of cheap generics in developing countries that generally cannot afford patented medicines from developed countries. Thus, the presented dilemma is one of the right to property on the one hand and the right to health on the other. The following problem statement results: From a philosophical ethics view, is the TRIPS agreement a morally right act?

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