Intellectual Property Rights On Sino Us Economic And Trade Relations

Global economics affects the decisions of firms, governments, and individuals in the United State in many different ways. The World Trade Organization manages the rules and trade between nations and has a significant impact on intellectual property rights. Intellectual property rights refer creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce (World Intellectual Property Organization, 2014). The purpose of this paper is to compare and contrast free trade and protectionist theories, analyze how the global environment functions on a micro and macro level within the context of the World Trade Organization, analyze the two-level game theory and how organizations make financial decisions in a globalized environment, and determine which parties benefit from either increasing or decreasing trade restriction.

Jain, S. C., & Bird, R. (2008). The Global Challenge of Intellectual Property Rights. Cheltenham, UK: Edward Elgar.

The influence China is having on the United States is extraordinary. As America continues to drastically import and purchase from China, China is purchasing and investing in valuable American assets. Some of these assets include energy, entertainment, food, aviation, minerals, land and other businesses. Although we operate in a global economy, the positive short-term gains by American companies selling to foreign investors may lead to negative long-term consequences. Countries such as China are literally buying tangible assets on American soil. This trend could affect commercial prices, resources, supply and demand. When a foreign company or individual owns rights to assets in the Unites States, American citizens could be subject to their conditions. Americans could be at the mercy of market conditions set forth by an entity to whom we are directly competing with on a global scale. For better or worse, China has great influence on inflation, monetary policy and acquisition within our own borders.

In 1994, 120 nations formed the World Trade Organization (WTO) to administer international trade agreements and help settle trade disputes. President Bill Clinton convinced Congress to pass legislation that enabled the United States to participate in the World Trade Organization. Those who supported the World Trade Organization, highlighted benefits for American consumers, including cheaper imports, new markets, and copyright protection for the American entertainment industry. Opponents argued that the United States would be bound to accept the World Trade Organization’s rulings in trade disputes even if they hurt the American economy. However, Congress still passed the legislation.

Dear President Brad Bowers, I am sure you are aware of all the current issues that the nation faces. As a Historian, for the Office of the Presidential Council of Historians (OPCH), my duty is to inform you on how historical events can help you understand and possibly solve current issues. The long history of trade between the United States of America and China and the other nations of the South China Sea is well known. In many cases, there have been strong tensions between the countries in this area and the US. The tensions of the past are especially true for relations between China and the US. The relationship troubles have shown up in the news again as recently as Feb. 19th. In an article for USA Today, Thomas Maresca reports that the

The protection of intellectual property is important and necessary in order to promote progress. The idea is that by trading exclusive rights to the creators of inventions and creative works in exchange that the creative work or invention to be available to the public is mutually beneficial to both the rights holder and society in general. By granting these rights, the creators and owners are able to benefit both socially and financially from that which they created. This provides an incentive for people to pursue the creation of and the investment in intellectual property. There are however limits to the rights of such inventions and creative works.

In history, We often point to the 1970s as the starting point for US-China trade, but I found that actually it can go back to the 18th century after the American Revolution. At that time, Americans got tea, silk, and porcelain was primarily through the British East India Company, but there was also a lot of smuggling going on at the same time. Anyway, it wasn't that the Americans went to China to get these goods (Christina). Later, Americans got well involved in the China trade after they beat the British in the revolution. After the war finished, the British East India Company's monopoly did not exist any more, so the Americans could go to China and they did by driving (Christina). Besides, another element that gave them the financial

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

China entered the WTO in December 2001. It had been a long process of negations with the WTO formerly the GATT. For China this was a big step. The process took about 15 years before China was accessioned into the WTO. According to an article “Free trade” it took this long mainly due to getting the country’s politics and policy making process to produce conditions that would allow them to submit a bid into the WTO and eventually become part of the WTO (Harold, 2008). Once China became part of the WTO they have tremendous economic growth.

The volume of trade had doubled, indicating growing economic dependence with one another. Therefore, economic interdependence has facilitated to create a strong mutual interest between the United States and China. Although, there may be some inevitable disruptions between them such as North Korea’s nuclear weapons program, the economic interdependence will continue to bring them together, constraining any tendencies toward conflict.

The United States and China share the most imbalanced bilateral trade relationship in the world. The United States imports more goods from China than it exports to a tune of $202 billion dollars each year. All told, China alone accounts for nearly 26% of the

While there are some irritants in China-U.S relation, there are also many stabilizing factors. The PRC and the U.S are major trade partners and have common interest in the prevention and suppression of terrorism and preventing nuclear proliferation. China is also the foreign creditor; China’s challenges and difficulties are mainly

The United States of America and China have a complex relationship that has been created through years of interaction. There have been times of great trade and trust between the countries but there has also been great tension. Today America and China trade freely between each other. However, the countries do not completely trust one another due to their opposing views on foreign policy and ideology. These past incidents have created an odd combination of opinions in China and the United States. In my opinion, the economic freedom between the states is stable, but the political scene is unclear and unbalanced.

The events that have taken place over the past couple of centuries, and more so the past decade, have monumentally impacted the relationship between the United States and China for better and for worse. Today, China and the U.S. have evolved into two of the most elite superpowers in the world, and they classify as some of the most prominent leaders in economics, military, technology, and universal innovation. Currently, the United States is just weeks away from electing their next president, cyber-attacks are being investigated exponentially, and the South China Sea Debate continues to be disputed. The outcomes of all these events will undoubtedly affect the relationship between China and the United States for the next 10 years.

Today, business often crosses the boundaries and thus inventors are required to protect their inventions in the countries where they wish to operate. Patent systems of different countries are different and this creates much problem. They are often very reluctant to do business in countries where protection is very less or almost nil for their invention. Thus, neither inventor nor the countries enjoy the benefit of patent. If we examine rules of different countries then many differences can be found but at the same time many similarities can also be traced out. However, by effort and cooperation many of these differences can be minimized. Harmonization is considered as a tool for minimizing these differences of patent system of different countries.