Malaysia
In Malaysia, the effect of joining the Paris Convention in 1990 and TRIPS in 1995 led to very important reforms for IP-based economic development. Since joining the former, the number of patent applications and the rate of GDP have greatly increased. Since joining TRIPS the number of patent applications and level of expenditure on R&D have also greatly increased. The revision of the patent law in 2000 to comply with TRIPS was also a very important reform for IP-based economic development because royalties dramatically increased between 2002 and 2005. These data suggested a close relationship between IP-related treaties and economic growth. The country joined the Patent Cooperation Treaty (PCT) in 2006, and this is also expected to have an influence on its economic growth.
In the case studies, even major companies in major industries had not obtained many patents, and this is borne out by the cases of Favelle Favco Berhad and Cooper Cameron Sdn Berhad in the manufacturing industry.
In the economic analysis, patent applications positively correlate to the IP index. Moreover, GDP and FDI showed a positive relation to the IP index.