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Intellectual Property Essay

334 words - 2 pages

manufactured goods counterfeiting and past twenty years has caused immense
piracy activities existed as far back as economic harm to legitimate goods
the Middle Ages when bakers, artisans, manufacturers, as well as amplified
and craftsmen used distinctive marks to health and safety concerns. In order to
distinguish their products and work from mitigate the risks associated with
would-be counterfeiters. The general increased levels of intellectual property
problems associated with modern day theft, manufacturers must assess their
counterfeiting and intellectual ...view middle of the document...

1996, this figure jumped to as much as
an estimated $200 billion. The
look-a-likes is an underground industry economic value of global counterfeiting
worth billions. In a written statement in 2003 is estimated at $500 billion.
before the Senate Committee on the Various organizations, including
Judiciary, Thomas J. Donohue, President Interpol, estimate that the trade in
and CEO of the U.S. Chamber of counterfeit goods ranges between 6-9%
Commerce stated, “Growth in the trade of all current world trade with volume
of illegitimate goods over the past 20 sharply rising.2 The Federal Bureau of
years is astounding, intellectual property Investigation has called counterfeiting
crime is one of the fastest growing “the crime of the 21st century” as the
criminal enterprises worldwide.” In technology needed to operate
1982, it was estimated that the trade in sophisticated counterfeit operations has
illegitimate goods drained 5.5 billion become easily accessible.
“Intellectual property crime is one of the
fastest growing criminal enterprises
worldwide” 3
Intellectual Property Theft and China
F or decades, piracy and counterfeiting
activities have followed
predictable pattern, flourishing in

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