Intellectual Property and the Problem of Piracy Term Paper by Master Researcher

Intellectual Property and the Problem of Piracy
A review of intellectual property laws and the impact of piracy on the economy.
# 36133 | 900 words | 6 sources | MLA | 2002 | US
Published on Sep 24, 2003 in Business (Industries) , Law (Business) , Economics (General)

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The paper looks at the rise of the entertainment software industry and its main challenge that involves controlling intellectual property piracy. The paper discusses the laws regarding copyrights, patents and trademarks and looks at the costs of piracy to the industry and the economy. The paper then looks at how the international community has established laws to protect intellectual property and reduce piracy at an international level.

The Problem of Piracy
International Laws Dealing with Intellectual Property

From the Paper:

"Protecting intellectual property rights internationally in this cutting edge technology and in other industries is critical for a nations competitiveness in the twenty-first century, and, therefore, is one of the highest priorities of international economic policy. With the US being the sole super power and the leader in IT studying the effect of software piracy on its economy will provide a somewhat global view. The software and other core copyright-based industries (motion picture, publishing, sound recording sectors) have accounted for as much as 3.6% of the US`s GDP in recent years, according to some industry studies. Job growth in this area has far outstripped the performance of the economy as a whole. Revenues earned abroad by the software sector alone reached $116.9 billion by 2001 and direct U.S. employment in the industry could climb to almost 1,030,500 jobs by 2005. Yet these economic benefits are eroded by intellectual property piracy, which cost the software sector an estimated $11 billion in lost revenues in 1997 alone. [1]
"Protection of Intellectual Property(IP) serves not just U.S. interests, but is vital to investment and growth in developing and transitional economies. Empirical evidence shows that IP protection is critical to a country`s ability to attract investment and technology - especially in the industrial sectors likely to be dominant in the 21st century. These nations can benefit from cutting edge innovations that arise out of the investments IP protection fosters. Thus, improvement in IP enforcement in software and other areas is a ``win-win" proposition.""

Cite this Term Paper:

APA Format

Intellectual Property and the Problem of Piracy (2003, September 24) Retrieved January 25, 2022, from

MLA Format

"Intellectual Property and the Problem of Piracy" 24 September 2003. Web. 25 January. 2022. <>