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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. Strong 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\\nBeyond legal mechanisms, innovation centers stimulate growth and innovation. \\n\\nGovernment-protected technology parks link universities and state companies, and investors know they have a degree of security and won\\u2019t have problems down the line. Innovation comes from a meeting of minds, and while there is a risk that specific research may lead nowhere, it\\u2019s outweighed by the potential profit from unanticipated spin-off results.\\n\\nThe more freedom a country gives its enterprises, the more innovation it could produce. \\n\\nThe People\\u2019s Republic of China and India offer a curious comparison.\\n\\nRead the transcript\\nhttp://bit.ly/2ImPGxn\\n\\nRead the working paper\\nhttps://www.adb.org/publications/law-culture-and-innovation\\n\\nRead the blog post\\nhttp://bit.ly/2FAwIpe\\n\\nAbout the authors\\nDouglas Cumming is a professor and Ontario research chair of the Schulich School of Business, York University, Canada\\n\\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 on innovation\\nhttp://bit.ly/2FL75Ov \\nhttp://bit.ly/2FLuyPW'