Chinese Intellectual Property Law and the New Economy
MetadataShow full item record
This paper is trying to understand current issues related to Intellectual Property in China and its increasing importance in global economy. Since joining the World Trade Organization (WTO) in 2001, China has been poised to further develop its economy at an incredible rate. While the WTO membership opens many new doors in terms of commerce, it also comes with the additional burden of complying with previously ignored international laws governing trade. The current state of intellectual property law and its origin will be examined throughout this paper. Current economic issues in China, including the improvements that China has made after joining the WTO as well as the problems that still remain will be discussed. They will be further divided into sections including software and website, fashion, pharmaceutical industry. The paper will also discuss both the negative and positive international perspectives toward China and its unprotected intellectual property. There will be an emphasis on why IP protection is so important in China's future economy. As support, an Analytic Section discussing stats, data descriptions and interpretation of actual case studies will be explored. As support, an Analytic Section discusses stats and data descriptions. During the research, the main finding was a positive correlation in total intellectual property losses and its relations to GDP per capita, degree of corruption and population of each country. Mean losses of the 45 countries that are under the 2004 International Intellectual Properties Alliance (IIPA) watch list and where China is at compare to these countries were another important findings. China proved to have the biggest losses and piracy levels in all categories under question. These consisted of the following corruption measurements: motion pictures, record and music, business software, entertainment software and books. To conclude, the paper discusses how important it is for China to enforce IP in order to survive in global competition and further develop its economy.