Superpowers Lesson 12: Global Economic Influence Is Contested

Question 1

What has existed since 1967 to protect intellectual property from counterfeiting?

Answer 1

Global system of intellectual property under the World Intellectual Property Organisation, which is part of the UN

Question 2

What does this organisation enure?

Answer 2

TNCs, individuals and governement agencies can protect new innventions, trademarks, artistic works and trade secrets from use of others

Question 3

What is counterfeiting?

Answer 3

The act of illegally creating facsimiles of a product, document, or currency. These fake items are ussually sold at a high cost and made of poor quality

Question 4

Which country is responsible for the most counterfeit goods?

Answer 4

China

Question 5

How many fake Apple store where found in China in 2011?

Answer 5

22

Question 6

What % of counterfeit goods come from China, as determined by the UN?

Answer 6

70%

Question 7

Why does counterfeiting create problems with G8 countries?

Answer 7

Creates poor relationships between G8 countries and countries like China. Possibility fo trade agreements being made is limited is one side believe the other will not ‘play by the rules’. TNCs may be reluctant to invest in China, knowing profits may be reduced by counterfeiting

Question 8

Why is counterfeiting increasing?

Answer 8

• Greater demand for Westernised, consumer goods, at a cheaper price so they are accessible to all
• Move to secondary industries in developing coutries - workers and people are more familiar with goods, so it makes it easier to conuntefeit and reproduce - lots of TNC outsourcing

Question 9

How is counterfeiting limited?

Answer 9

• Intellectual property laws since 1967
• Patents to protect goods
• Royalty fee had to be paid to the inventor