In 2020, the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights ("TRIPS Agreement") marked its 25th anniversary. There was, however, little reason for celebration. The COVID-19 pandemic had plunged the world economy in an unprecedented crisis. In April 2020, the IMF predicted...

"Over the past 30 years, international trade has grown constantly and since 2008 it has increased by 26% (World Trade Organization 2019). In the same period of time foreign direct investment (FDI) grew more than 20% before 2000, 8 % in 2000-2007, and has shown slow growth since 2008, averaging...