China and the International Property Rights

Paper Summary:

"International property rights (IPR) violation is a widespread and entrenched phenomenon in China because of several factors. China?s rocky transition from a centralized economic system to capitalism has provided a rife environment for piracy to flourish in the ?gray? market.

From the Paper:

"International property rights (IPR) violation is a widespread and entrenched phenomenon in China because of several factors. China's rocky transition from a centralized economic system to capitalism has provided a rife environment for piracy to flourish in the "gray" market. In addition to the fact that the lucrative nature of the business provides tremendous incentive for the suppliers to engage in piracy, the Chinese consumers constitute the other half of the problem. Although they are impressed by the dazzling array of products offered by America, such as the music, films and computer software, they can ill afford the prices of the legitimate products; therefore, they turn to pirated copies. Furthermore, the absence of a legal and enforcement system to uphold IPR in China further cultivates the presence of piracy. From another perspective, the strict..."

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