Economic Rationale For Protecting Intellectual Property Rights Essay

Economic Rationale For Protecting Intellectual Property Rights - Essay Example In pursuance to the definition of granting rights over property is to give the creator certain rights over property and in pursuance to it, to give its creator an opportunity to profit from it. It is a fact that violation of the intellectual property rights has been flagrant in several countries. And the assurance of protection of these rights is the only safeguard for the owners in keeping ownership of these rights and the products accompanying it. Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right to that creation for a certain period of time which reaches 20 years before they could be used openly by any manager of a company or investment to reproduce the product under their own name. ... Intellectual property rights (IPRs) generally fall into two categories: 1) copyright and associated rights, and 2) industrial property ,each important as the other where the legal system arranges the works of people who work in the field of the product to make a unification of deals where the percentage of the work and the user of the work and the benefactor of the work all benefit and the rights of the work lie on the shoulders of their inventors where people could recognize the art and the invention by the design, place of origin, characteristics of the art and its uses. After the first 20 years of property intellectually used by its real owners the design becomes a service and series mark and could be used initially as a model of recognizing others and a work and could be categorized under the works of the writer or the worker and use the effect of the work to be universally known as designating a certain group of people who managed to accept and follow the arts and rights of such owners of the property and use it to their own benefits. This is different from patencies as patencies do not accept anyone's usage of the work and replication of the work so as to be solely used by the person who has invented it and made it who could benefit of it alone. This is true and right about people who work on managing their own professions and want to better their careers and stand out inside the dimensions of the field of work.(http://www.wto.org/english/tratop_e/trips_e/trips_e.htm#WhatAre). Authors, artists and composers, which fall under the first, are protected by copyright for literary and artistic works (e.g. books, literary and musical pieces, all forms of artworks, software and films)for a minimum period of 50years after the death of the author then they could be

International Marketing Case Study Example | Topics and Well Written Essays - 3000 words

International Marketing - Case Study Example Today instead of the traditional approach of 'maximizing' the profits, organizations go ahead with multiple objectives, monetary as well as non-monetary. There are short-term objectives as well as long-term ones. Strategists are supposed to prioritize all such objectives, so that there is clarity and ease of decision making in situations where there is an apparent clash of objectives. Here we'll analyse Vodafone, its strengths, comparative advantages, its weaknesses and some of the opportunities that it can capitalize on in the Turkish telecom market. Vodafone has acquired competitive advantage over its rivals on account of its marketing efforts, brand building, value creation, innovation, operational efficiencies etc. Today Vodafone is one of the world's leading international mobile telecommunications group having an equity base in 27 countries across 5 continents, 186.8 million proportionate customers and 33 partner networks (Vodafone, 2006). Company's vision statement1 says, the c ompany aspires 'to be the world's mobile communications leader, enriching customers' lives and helping individuals, businesses and communities to be more connected in a mobile world'. With this vision company plans to invest in Turkey. The PEST or PESTEL analysis is a useful tool for any industry or b... The analysis mainly comprises of; Political factors Economic factors Socio-cultural factors Technological factors Environmental Factors Legal Factors All these factors have different relevance for different types of industries and businesses. Political The modern Republic of Turkey was founded in 1923 by the legendary Mustafa Kemal, better known as "Ataturk" or father of the Turks. The democratic tradition of modern Turkey has faced quite a few challenges with periods of instability. In the recent past Turkey has also been criticized for its human rights record. Amnesty International accused the Turkish government in November 2001 of systematically and regularly torturing its citizens. Corruption remains one of the key challenges for Turkey. After the parliamentary elections held in November 2002, the Justice and Development Party (AKP), a moderate Islamist group, won a resounding majority. This caused some worry amongst the proponents of Turkey's reforms program, as AKP is known to position itself as a champion of Turkey's beleaguered impoverished majority, and is therefore potentially vulnerable to damaging economic populism (Datamonitor, 2006). But so far all such apprehensions have been put to rest with the continuance of the e conomic reforms, a necessity for favorable investment climate in the country. Turkey has been successfully able to overcome the banking and currency crisis of 2000-2001 Economic Turkish economy was in real bad shape during the 1990s, with growth rates of about 3% only. The 2000-01 banking and currency crisis further crippled the economy. But with some active support from IMF, the economy has been able to stage a turnaround. Owing to successful economic and structural reforms, CAGR of the Turkish economy over 2000-2005