week 1 assi.docx - Running head ASSIGNMENT 1 1 Assignment 1 Joe Rivera Keiser University MAN4602 ASSIGNMENT 1 2 Pirates of Globalization In modern

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Running head: ASSIGNMENT 1 1 Assignment 1 Joe Rivera Keiser University MAN4602
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ASSIGNMENT 1 2 Pirates of Globalization In modern society pirates still exist in a different way. These pirates are more sophisticated because they routinely violate patents, trademarks, and copyrights of the best-known brands in the world. Trademark counterfeit takes about 5 percent to 7 percent of world trade (around $500 billion a year). Fake or phony products are in different industries such as computer software, films, books, music CDs or pharmaceutical drugs. Just fake computer chips, broadband routers, and computers cost the electronics industry alone up to $100 billion annually. In addition, modern pirates use technology platforms like eBay in order to fulfill their duty. It is hard for a platform that only connects people to be able to control all the products that are trade in. Automotive industry is another one who has been affected by modern pirates. Basically, they create parts that look exactly the same and work, however the quality is bad. Another problem that causes fear of lawsuit of malfunction counterfeits is that if someone is in an accident, the legitimate manufacturers need to prove that that product is not their own. Moreover, there are some countries that agree to modify laws or have less strict laws against this type of violation. China’s intellectual property laws and regulations are fine, but poor enforcement is to blame for high rates of piracy. Amazingly, China’s regulatory body sometimes allows a counterfeiter to remove an infringing trademark and still sell the substandard good[ CITATION Joh19 \l 1033 ].
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ASSIGNMENT 1 3 1. What more do you think the international business community could do to protect its intellectual property rights?
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  • Spring '19
  • Counterfeit

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