# Quote — Joseph E. Stiglitz, Making Globalization Work

> Innovation is important; it has transformed the lives of everyone in the world. And intellectual property laws can and should play a role in stimulating innovation. However, the contention that stronger intellectual property rights always boost economic performance is not in general correct. It is an example of how special interests—those who benefit from stronger intellectual property rights—use simplistic ideology to advance their causes.

- Author: [Joseph E. Stiglitz](https://www.leafyquotes.com/joseph-e-stiglitz.md)
- Book: [Making Globalization Work](https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work.md)
- Page: 106
- Source: [Wikiquote](https://en.wikiquote.org/wiki/Joseph_Stiglitz#Making_globalization_work_(2006)) ([CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/))
- Quote page: https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work/innovation-is-important

## More from this book

> Limited liability should not be sacrosanct. Like property rights—including intellectual property—it is a creation of man, to provide appropriate incentives; when that artifice fails to fulfill its social function, it needs to be modified.

p. 207 — [Quote page](https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work/limited-liability-should.md)

> The era of multilateral trade liberalization seems to be nearing an end (at least for a while), as well-founded disillusionment in the developing countries combines with growing protectionist sentiment in the developed world.

p. 81 — [Quote page](https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work/the-era-of-multilateral.md)

> When I was at the World Bank, it would often be said in the face of obvious failure that our strategy was correct, it just wasn't implemented well.

p. 52 — [Quote page](https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work/when-i-was.md)