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b'Laws in developing countries generally reflect their unique cultures, which may restrict innovation and risk-taking, throwing obstacles in the path to development.\\n\\nStrong legal mechanisms, including intellectual property rights and patent protection, allow innovation to thrive.\\n\\nMore than elsewhere in Asia, Southeast Asian countries emphasize the economic value of intellectual property rights on patents, but enforcement varies and so does their attraction for investors. \\n\\nDouglas Cumming of the Schulich School of Business in York University and Sofia Johan of the Tilburg Law and Economics Centre of the University of Tilburg discuss the relationship between law and culture on innovation. \\n\\nRead the transcript\\nhttps://bit.ly/2RQL4DS\\n\\nRead the working paper\\nhttps://www.adb.org/publications/law-culture-and-innovation\\n\\nAbout the authors\\nDouglas Cumming is a professor and Ontario research chair of the Schulich School of Business, York University, Canada. \\nSofia Johan is an extramural research fellow of the Tilburg Law and Economics Centre, University of Tilburg, The Netherlands.\\n\\nKnow more about ADBI\\u2019s work\\nhttps://bit.ly/2B3x7N2\\nhttps://bit.ly/2RRNIcl'