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The 21st century has been characterised by the knowledge economy in which contemporary wealth creation emanates from information, knowledge and intangible assets i.e intellectual property (IP). This work undertakes comparative analyses of innovation activity in newly industrialising countries in Asia and members of the African Regional Intellectual Property Organisation (ARIPO) and the African Intellectual Property Organisation (OAPI). Thus the book explores relationships amongst patenting, utility models,investments in research and development (R&D), foreign direct investment (FDI),real gross domestic product and manufacturing value addition in the two regions. Such exploration is necessary to help policy makers, practitioners and scholars consider the relative levels of formally recorded innovation activities and the contribution of IP to economic activity in the two regions.