A discussion of the failed intellectual property agreements between the U.S. and China.
Written in 2004; 1,135 words; 0 sources; APA; $ 39.95
Paper Summary:
This paper examines how China represents the largest consumer market in the world. It explores how business interests in this market and the opening of China in the 1970s have led to China's membership in the World Trade Organization, as well as increased cooperation and interaction between the Chinese government, Chinese businesses, and the international political and business community. In particular, it looks at how this engagement has focused attention on China's intellectual property rights and how it has spawned increasing pressure for China to conform its laws and regulations to global standards and to actively enforce them. It discusses how the motivation has been the flagrant Chinese piracy of intellectual property that has produced vast losses in potential revenue to many firms throughout the world, particularly the United States.
From the Paper:
"Unfortunately, intellectual property rights agreements with China do not appear to be working. The U.S. economy has lost over $15 BILLION due to Chinese piracy of its intellectual property from 1995 until 2001, according to the International Intellectual Property Alliance (IIPA). The IIPA's 2001 report documented that piracy rates in China continued to hover at the ninety percent level and reported an alarming increase in the production of pirate optical media products including DVDs by licensed as well as underground compact disc plants. The IIPA also expressed concern about the increasing sophistication in the pirate market such as the increase in Internet piracy, production of higher quality counterfeit products and piracy of computer software by business enterprise and government and ministries."
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