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Protection of Intellectual Property
Intellectual property is any form of an idea that originates from a person or company and used to create innovative products, or services. Theft of these ideas by foreign entities to produce similar knock off goods has had a negative effect to both the owners of the idea and economy as a whole.
The United States Department of Justice and the Federal Bureau of Investigations (FBI) have taken a number of steps to fight against intellectual property theft. According to their websites, they both run complex investigations on cases that arise from theft of intellectual property. Since intellectual property includes copyright, patents, proprietary products, trade secrets and internet protocols, the two offices have contingencies that are there to resolve unique legal and investigative issues being raised by telecommunication technology. They also, according to their websites have the mandate to pursue local and international cases that relate to theft of intellectual property.
The United States government has already put in place several initiatives to combat the theft of intellectual property. According to Johnson & Walworth (2009), the government engages in diplomatic ties with foreign countries especially China and Russia for the trade of intellectual property rights. There is the continued investigation and prosecutions of persons and entities that find the trade of, or pirating of proprietary products including software and designs. The Federal Bureau of Investigation (FBI) also conducts awareness campaigns to the threats, and punishment of those who are guilty of intellectual property rights violation (Qui & Yu, 2010).
As Johnson and Walworth (2009) assert, the government can further combat this problem by changing their approach. Technical innovation, which will put physical and technological barriers to intellectual property workers from unauthorized access, can still be pursued. A further legislative approach can be taken by making other nations sign treaties such as the World Intellectual Property Organization (WIPO) treaty and the Digital Millennium Act of 1998. The treaties bind...
Trade agreements can be signed with other nations, which instead of resorting to theft; they can export their ideas and in the process increase foreign direct investment (Qui & Yu, 2010).
Question 2.
Increase in the cases of theft in the United States by other states like China and Japan has led to flooding of the market by knock off and counterfeit goods and products. This according to a research by Qui and Yu (2010) has brought about massive losses to business revenue, hence influencing the economy. To combat these, several actions need to be taken to prevent intellectual property theft. The federal government agencies including the Federal Bureau of Investigation (FBI) should participate in the process. NW3C (2010) states that there is the need to increase civil and criminal penalties for trademark and copyright infringement by other agencies, persons and nations. This is further strengthened by the enactment by Congress of Resources and Organization Intellectual Property Act 2008. The federal agencies can also enact to the letter the Joint Strategic Plan on Intellectual Property Enforcement, which operates as law from June 2010. This act addresses both the local and foreign infringement and the steps are taken to ensure that the menace reduces. The act also ensure that state agencies in the United States purchase genuine merchandise from both local and international markets to help curb this menace (Johnson & Walworth, 2009; NW3C, 2010).
The Joint Strategic Plan also ensures that there is transparency between all the government agencies in their operations, the private sector and their relations with international markets and countries. It dictates the terms of trade between them and hence encourages efficiency and supports law enforcement efforts to combat the intellectual property theft.
Question 3.
A number of strategies can be enacted to protect a business from the intellectual property theft which is on the rise in the United States. For the protection of intellectual proprietary software and patents, a…
References
Johnson, C and Walworth, D.J (March 2003). Protecting U.S. intellectual property rights and challenges to digital piracy. Office of industry working paper: U.S. international trade commission. Retrieved from http://www.usitc.gov/publications/332/working_papers/wp_id_05.pdf
NW3C, (September, 2010). Intellectual property theft. National white collar crime center. Retrieved from http://www.nw3c.org/docs/whitepapers/intellectual_property_theft_september_201008B6297ECEB4FAE7EAA79494.pdf?sfvrsn=3
Qui D.L & Yu H, (2010). Does the protection of foreign intellectual property rights stimulate innovation in the U.S. Review of international economics, 18(5). Retrieved from http://infojustice.org/download/gcongress/dii/Qui%20article.pdf
Setec. Investigating intellectual property theft. www.Setecinvestigations.com. Retrieved from http://www.setecinvestigations.com/resources/whitepapers/Investigating_Intellectual_Property_Theft.pdf
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