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Twenty first century will be the century of knowledge where innovation will be the key for the production as for well as processing of knowledge. It is well recognized that in coming times, sustained competitive advantage will depend essentially on the ability of organizations to create, manage and market value-added, knowledge-based or intellectual assets to derive "first in the market" advantage. In spite of 1994 TRIPS agreement, the provision of technology transfer to the least developed countries has scarcely been translated into action resulting in an adverse impact on the pace of their development. The need of the hour is to have a closer look at the existing Knowledge Sharing and IP framework with an objective of rationalizing the same in the context of the developing countries. The present volume, which is a select compilation of peer reviewed papers at the recently held International Conference on "Knowledge Sharing and IP Management: Evolving Strategies in Asia-Pacific"at IIT Roorkee, India displays an attempt towards assessment of the existing framework and addressing the concern of the Asia-Pacific region keeping in mind its socio-economic and cultural condition.