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We live in the early years of a technological revolution based on advances in molecular biology and genetic engineering. The biotech industry is one of the country's most innovative sectors. [...]

This article presents a legal and economic analysis of Latin American integration and concludes that legal integration can be explained by the degree of overlap found in the economic structures of the countries in a trade agreement. More specifically, it argues that larger proportions of bilateral intrasectoral trade stimulate the private sector's demand to harmonize trade-related laws. It also demonstrates that countries with emerging high-growth sectors will tend to harmonize their laws with those of countries experiencing the same changes in their economic structure, whereas traditional agrarian economies do not have an incentive to enter harmonization agreements that benefit high-growth sectors. In this respect, countries with similar complexity in their legal systems will seek to harmonize their laws.

The article presents an analysis of emerging influence of the U.S. Patent and Trademark Office (PTO), which has got the impression of dissatisfaction with the condition of patent policy. It is inferred that the PTO has maneuvered and occupied central position in making patent law and policy since prior to 1990s. Moreover, PTO has achieved various benefits such as a larger budget, new facilities, and more control over its finances. Overall, the expanding PTO's power connotes dangers.