International Intellectual Property Law Essay Example | Topics and Well Written Essays - 2000 words

International Intellectual Property Law - Essay Example One is that emerging countries might not have the same technology as advanced countries, and need to copy advanced companies to innovate. This is an issue that is addressed below. However, the bulk of this article will deal with copyrights, especially with regards to British Law regarding the same. Intellectual property rights have become one of the buzzwords surrounding globalization. Globalization may be defined as â€Å"an extent of internationalisation at a level where boundaries are blurred or appear close, where networks and solidarities are communicating, [and] where interdependencies are increasing.†1 On a technological basis, modern globalization is dependent upon the structures for communication, transportation, computation and enforcement interlocking.2 Globalization has reached many sectors, including intellectual property, financial services, money capital, goods and financial instruments.3 There are obvious positive aspects of globalization, and negative ones as well, as globalization leads to clashes, prejudices, tension and cultural misunderstandings such as those seen on 9/11, and the Bali, Madrid and London bombings.4 Intellectual property is one of the core businesses in the World Trade Organisation (WTO), in which one of the WTOs founding element with regards to intellectual property is the Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement.5 The TRIPS Agreement, in a nutshell, establishes a global harmonisation of protection for Intellectual Property and enforcement, as well as created international standards regarding patent, copyright, trademark and design protections.6 The existing regimes of the United States, Europe and Japan with regards to intellectual property were largely the same, so their laws did not need as much harmonising. However, there were some areas that were a problem, as far as different countries having different rules, and they were â€Å"first to invent systems, scope of