Intellectual Property Rights (IPR)

From the Paper:

" Intellectual property rights (IPR) violation by China is an important issue in United States-China relations and should be curbed before the situation worsens. In order to comprehend the importance of intellectual property rights (IPR) and their enforcement, one needs to realize the immense impact it has for the American economy. All patented, copyrighted, and trademarked materials and products are considered intellectual property. Therefore, it refers to a great variety of American products, such as computer software, music recordings and videos (Mastel). They constitute 6 percent of the GDP of the United States. Altogether, intellectual property generates billions of export dollars for the United States every year (Mastel). Therefore, it is evident that intellectual property plays a large role in the American economy. "

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