The Problems Of Intellectual Property Rights - 2654 Words

Professor Zili Yang Econ314 11.26.2014 Hyunsup Yoon The problems of Intellectual Property Rights In China Abstract After Deng Xiaoping’s reform and opening up policy in 1978, China recorded an annual average growth rate of 9.67 percent in China. This is approximately three times higher than the average annual growth rate of global economy which is 3.3% within the same period. Past 29 years, due to rapid growth rate, China ranked the 2nd in trade volume and size of economy. However, many side effects are appeared due to the rapid economic growth. This study will measure what is the current state of the world’s counterfeit goods market, why people violate the IPR protection and produce counterfeit goods, what is the problem of IPR law enforcements and how violating law and producing counterfeit goods in China influence the world. Introduction Both economically and socially, influence of China is substantial. Economic and social status of China is firm that it can not be oversighted. However, intellectual property rights have been rising issues in China. First step to solve the problem is realize there is one. It is critical to recognize which elements are violating IPR. Basic systematic error of IPR and counterfeit culture in China are main factors for the obstacles. Current state of the world’s counterfeit goods market â€Å"Carratu International estimates that the global counterfeit market, which already accounts for 9% of world trade, will double in size over the nextShow MoreRelatedThe Idea Of Intellectual Property864 Words   |  4 PagesThe idea of intellectual property has many correlations with the concept of the marketplace of idea. According to a common argument, intellectual property rights spark innovation, creating positive economic growth and benefits for all. Because the marketplace comparison is an economic one, there is a tendency to tie intellectual property with the marketplace of ideas. 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