Intellectual Property In China Case Study

2062 Words9 Pages
With the current laxed climate and unenforced international trade laws, China has fast become the world’s leader in theft of intellectual property and copyright infringement. And, China has made itself enemy number one of the United States due to its willingness allow criminals to operate with impunity within its borders and its unwillingness to adhere to international laws or simply enforce its own laws. Furthermore, the rampant theft of intellectual property and copyright infringement by China has also morphed into two of the greatest threats faced by United State’s corporations today. This has caused U.S. corporations to face head on the ongoing dilemma of whether to continue to do business with China or explore other opportunities with countries which may be ill-suited to conduct business on the magnitude and scale at which China is able to. More specifically, per the lesson text, in the digital era, intellectual property is reduced to a stream of zeros and ones in a computer. While this is great for our access, it also makes intellectual property vulnerable to unauthorized and easy reproduction. While the cost of operations is low, many companies have come to the reality that there have developed some high risks which are inevitable when doing business with China; namely, the risk of losing profits and copyright and intellectual property. It is important that we first understand what intellectual property is and how it impacts our lives. Intellectual property often refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce. It is divided into two categories: Industrial property, which includes inventions (patents), trademarks, industrial designs, ... ... middle of paper ... ... to high international standards. Spurred on by its reform and opening up, China has carried on its intellectual property protection legislation at a speed never before known. Its systems have only been established a short time and as a result, awareness of intellectual property rights remains underdeveloped and many times non-existent throughout China’s business environment. It can also be assumed that in many regions and throughout the government as a whole, there is insufficient appreciation of the importance of intellectual property protection. China has an obligation to solidify the confidence of potential stakeholders through the implementation of new more sweeping intellectual property laws and ultimately, their enforcement. These steps alone will mark a great new step forward in the nation's efforts to ensure the protection of intellectual property rights.
Open Document