Assignment 2
SEMINAR IN GLOBAL BUS POLICY MGT-3341-0-14540-201410
(1) Regional trading blocs, such as the EU and NAFTA, are growing in importance. What are the implications of these trading blocs for international business policies? Are they helpful or harmful to the regions? How may they affect global investments? - Trading blocks such as the North American Free Trade Agreement and the European Union stand to have a great impact on international business because they change the rules of trade and in some cases, investment, presenting new opportunities but also new threats to both foreign and domestic companies. Whether they are harmful or helpful is difficult to state in just a paragraph or two, but will depend on the
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These ties with Britain have helped to shape the United States into the country it is today. For American companies, this relationship is beneficial because not only do American companies have easy access to the British market, and British firms to the American market, but they may also find it easier to enter other markets where for example, English is the spoken language. In addition, if the countries in question have maintained strong ties, it is likely that they will share enemy countries, a factor that could further impact the strategy of an international firm.
3) What is the impact of vigorous enforcement of intellectual property rights on the world economy? Who gains and who loses from strict enforcement of these laws?
-Intellectual property rights could play a significant role in encouraging innovation, product development, and technical change. Developing countries tend to have IPRS systems that favor information diffusion through low-cost imitation of foreign products and technologies. Inadequate IPRS could stifle technical change even at low levels of economic development. While strengthening IPRS bears potential for enhancing growth and development in the proper circumstances, it might also raise difficult economic and social costs. Developing economies could experience net
Through the novel The Book Thief, the author Marcus Zusak conveys that words have a powerful effect which can be positive and negative. Towards the middle of the book, Liesel Meminger, an adopted girl living in Nazi Germany, and Ilsa Hermann, the lonely wife of a mayor, become friends over their love of books. Their relationship began when Liesel often read in Ilsa’s library while dropping off the laundry. Ilsa kept her house very cold and dark. As she grieved the loss of her son in World War I. Over time. LIesel was able to comfort Ilsa using her words and convince her to let go of her loss. Later on, after Liesel’s family died in a bombing, Ilsa Hermann returned the favor by taking Liesel, the lone survivor, in. This is just one of the many
Money, health and control of assets are difficult topics at any age. There are logical ways to maneuver through the triggered feelings. It starts with planning to make sure there are enough funds with accessible controls. The supporting documents, like wills, trusts or estate plans need to be in place. Adult children need to share your feelings with loved ones. Sit down and ask questions before moving to a senior community.
An Introduction to the Law and Economics of Intellectual Property Author(s): Stanley M. Besen and Leo J. Raskind Reviewed work(s): Source: The Journal of Economic Perspectives, Vol. 5, No. 1 (Winter, 1991), pp. 3-27 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/1942699 . Accessed: 24/11/2011 08:39
In today’s society it’s important for people owning businesses or investing in products to know that we will always be linked to other economic countries. As an American citizen I am aware that day in and day out we are constantly making deals with other nations for various reasons. We are linked internality due to the goods and services flows or simply trade flows, capital and labor flows or simply resource flows, information and technology flows, and financial flows. International trade is significant to the United States in two regards, one being that the United States is completely dependent on trade for certain commodities and material that cannot be obtained domestically. Another reason is the combined volumes of U.S. imports and exports exceed those of any other single
An effective system of intellectual property is important in facilitating innovation as well as economic growth within a country and across all its borders (Davidson, Monoti, Wiseman, 2012). The current global economy is concentrating more in the invention of ideas that are original, other than in manufacturing of machines. To enhance and protect these ideas, there ought to be effective intellectual property laws. The government of Australia has prioritized the protection of original ideas from individuals through copyright, patent, and trademarks among other intelligent property laws, which give the inventor a temporary period to enjoy the financial benefits of his or her original idea. The major purposes of intellectual property laws can be contested; therefore, they create areas of interest for
Paragraph 5 of the Preamble of the TRIPS Agreement provides that “the underlying public policy objectives of national systems for the protection of intellectual property, including developmental and technological objectives” Accordingly, the Preamble is not an operative provision. Therefore, Professor Grosse Ruse-khan suggests that the position of the Preamble “merely opens a door” for other national interest to be taken into consideration, nonetheless the interest would not necessarily prevail. He contends that non-economic interest would be only considered as an “exception” to the right. Through the use of the flexibilities embedded in TRIPS, Professor Gervais contends the Preamble recognizes developing countries’ need to realize their developmental objects, such as innovation policy. However, he also stresses that the flexibility should be used in a manner that “[creates] a sound and viable technological
It is a common thing to believe that companies from other countries pose a threat to American controlled companies. Companies from America harvest the benefits that they receive from the foreign completion. I believe that international trade affects consumers in an abundance amount of ways. Consumers have access to a greater variety of goods and services from other countries.
Processes of cooperation and integration between countries are very important in the modern world. At the present time, a profound influence and an interrelation between countries is noticeable. The result of these processes in the future should be a fully free transmission of goods, services and subjects of intellectual property, capitals and human resources. At the same time, there is still a big gap in the level of economic development of countries in the world. This imbalance creates a collision between two different policies of world trade. Some countries provide liberalisation of international trade, other countries advocate protectionism to support a domestic market by using barriers and restraints on trade. One manifestation of
Many of the world’s political and business leaders believed that free trade and the global exchange of goods contributed to the prosperity and economic growth. The idea that the world is becoming increasingly interconnected is referred to as globalism, and the process is called globalization. Selling American-made goods abroad has always been important to American prosperity. Since World War II, both the Republican and Democratic administrations have worked to lower barriers to international trade. They rationalized that trade helps the American economy because, American
Globalization has become one of the most influential forces in the twentieth century. International integration of world views, products, trade and ideas has caused a variety of states to blur the lines of their borders and be open to an international perspective. The merger of the Europeans Union, the ASEAN group in the Pacific and NAFTA in North America is reflective of the notion of globalized trade. The North American Free Trade Agreement was the largest free trade zone in the world at its conception and set an example for the future of liberalized trade. The North American Free Trade Agreement is coming into it's twentieth anniversary on January 1st, 2014. 1 NAFTA not only sought to enhance the trade of goods and services across
Technology enriches our society by making widely available new and useful goods, services, and technical information . Clearly, as a society, we would want to encourage the development of technology so that we can reap the benefits they offer us. Innovators require an incentive to invent and share these technologies with the rest of society. This incentive is achieved by granting intellectual property rights (IPR) to inventors . More specifically, the incentive is usually achieved by granting patents to inventors .
Intellectual property is an important asset in the current knowledge economy. Intellectual property typically covers the areas of Copyright, Patents and trademark law. In recent years, firms have chosen to protect software based patents commonly used in smartphones. The use of patents to protect software-based technologies has increased exponentially in the past 10 years since the introduction of the iPhone in 2007 by Apple. Empirically, there is no clear correlation between patent protection and economic growth (Iwaisako and Futagami). However companies are investing more in the protection and acquisition of intellectual property to gain a monopoly and competitive advantages. For the main this paper will concentrate on the protection of IP. Yet, the benefits of acquisition strategy of IP should not be ignored. It is itself blended in the fabric of protection strategies. Protection strategies allows for the acquisition of IP which in turn fosters economic output and innovation.;
Trade-Related Intellectual Property Rights (Trips) Have Been Adopted With A View To Encourage Fair Competition At The International Level, But Trips Rules Tilt The Balance In Favour Of Imperfect Competition With Each Country And Exacerbates International Inequalities.
Therefore, IP is a critical piece of our country’s economic development, social and cultural welfare. Enforcement of these protections are relied upon in many industries, scientists and not to mention, many artists. It helps to foster competition, betterment, creativity and innovation. In addition, the American consumer benefits as IP ensures they are purchasing products that are safe and effective. Given these points, there is no doubt that IP rights must be protected in order for the U.S. to continue to be productive.
Accounting for 20 percent of global imports and exports, the European Union (EU) is the world’s biggest trader. This should not come as a surprise because free trade among its members is one of the founding principles of the EU. With trade policy being in the exclusive jurisdiction of the EU, this creates new market opportunities for European exporters, workers and investors. The creation of this global market also creates the need for the EU to protect the interest of its 28 members from serious injury by resolving trade issues that go far beyond tariffs.