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Intellectual Property Rights Protection in China - Research Paper Example
With the globalization of the world economy and the emergence of China and India as the primary consumer hubs capable of consuming respectable amounts of goods and technologies created by the Western firms, sanctity of intellectual property rights in countries like China is one major constraint that is demoralizing the MNCs hailing from The West as well as Asia (Cheung 4)…
Yet, it is also a fact that resource rich and technology intensive MNCs can only wholeheartedly commit themselves to their Chinese ventures, only if they are sure that their massive investments in the intellectual property will not be diluted in China owing to a scant regard and concern for intellectual property rights (Ordish 27). Thus upholding of the intellectual property rights in China is synonymous with creating just the right kind of business and investment environment.
A section of the Chinese intelligentsia holds that intellectual property rights is a legal tool devised by the West to counteract the rising might and potential of the Chinese scientists and experts (Mertha 42). What China needs to understand is that the stakes exploiting the intellectual property related loopholes within China can also resort to the similar mechanisms and stratagems to undermine the indigenous intellectual property wealth. Thus a potent intellectual property rights regime will guarantee the security of both the Western and Chinese intellectual property related investments, and will definitely prove to be beneficial for China in the long run.
There is no denying the fact that a developing nation like China has a big population, and the sta ...