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AVERTING A “TRIPSXIT” FROM THE GLOBAL INTELLECTUAL PROPERTY SYSTEM Walter G. Park* INTRODUCTION Is the global IP system working for developing countries? In a recent op-ed article in the Wall Street Journal, the heads of the International Monetary Fund, World Bank, and World Trade Organization noted the growing skepticism over globalization and the world trading system.1 Remonstrations against the system can be found not just in developing countries but in countries like the U.K. (voting for “Brexit”), Austria, and the U.S. The authors point out that slow global growth and unevenly distributed benefits have eroded support for open trade policies.2 Yet these are the kinds of policies that are essential to boosting global economic growth and development. Hence, a key challenge appears to be convincing the skeptics that the policies they are anxious about could actually work to their benefit. As the authors state, countries must, first, pursue sound policies and reforms. This is a given. ...