Intellectual property protection in China between USA Social Essay

Intellectual Property Protection in China between the USA
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Intellectual property in China between the USA
Introduction
Intellectual property relates logical creativeness of an inventor especially in the development of human intellectuals such as artistry, literature, designs, and images as well as ideas and concepts. Intellectual property is regarded as an incorporeal ability of an individual. Most scholars refer to it as a legitimate ideology that relates to developments of the mind for which absolute rights are acknowledged. These rights enable to prevent the exploitation of an individual’s intellectual property. They also confer a limited right to the inventor to use their innovations for a given period fully. Intellectual property plays a significant role in the current economy. Saha and Bhattacharya, (2011) illustrate that intellectual work related to new inventions should be provided due significance so that the civic community can derive from it. There has been an increase in the study and growth budgets with a correlated increase in savings needed for introducing an innovation in both the local and global economy. The risks of the innovators of new technology have increased and thus, the necessity to safeguard the knowledge from the illegal utilization of intellectual property. There has been an increase of unlawful use of intellectual property, and these rights would ensure that there is the full or partial retrieval of the research and development and other related costs and adequate revenue that would ensure there is a constant investment in research and development (Saha & Bhattacharya, 2011).
This paper will review the current challenges and resolution being utilized in safeguarding intellectual property in China. It will also analyze the relationships between various problems that intellectual property disputes between China and the USA. There have been current complains concerning intellectual property protection in China. Research has shown that there is lack of intellectual property talents and laws in China which has highly been influenced the America’s intellectual property system. This paper aims to reveal the current disputes and effect they have on international trade.
The Relationship between Intellectual Property Protection and International Trade
Intellectual property rights are incredibly significant to the competitiveness of developed economic nations. Lai, (1998) showcases that the achievement of trade-related intellectual property rights such as charters, trade secrets, trademarks, and copyrights have been acknowledged to form a platform where international trade applies rules and policies. The implementation and enforcement of these rights are critical to most international trades such as research-based pharmaceuticals, whose occupation and capability is to contribute to the development of innovations in international trade Mrad, (2017). There has been an increase in the awareness of the significance of safeguarding intellectual property rights in the global economy. Mrad (2017) showcases that the recognition has been validated by the development of a fundamental element of world trade...