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Bird, Robert C. --- "Intellectual Property Enforcement in a Global Economy: Lessons from the BRIC Nations" [2009] ELECD 390; in Yueh, Linda (ed), "The Law and Economics of Globalisation" (Edward Elgar Publishing, 2009)

Book Title: The Law and Economics of Globalisation

Editor(s): Yueh, Linda

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781845421953

Section: Chapter 8

Section Title: Intellectual Property Enforcement in a Global Economy: Lessons from the BRIC Nations

Author(s): Bird, Robert C.

Number of pages: 16

Extract:

8. Intellectual property enforcement in
a global economy: lessons from the
BRIC nations
Robert C. Bird

INTRODUCTION

Globalization is a multi-faceted and powerful phenomenon. Globalization
represents a political force that encourages the harmonization of values
such as human rights and democratic governance. Globalization is also an
economic force that promotes the worldwide integration of free markets.
Goods and services, financial instruments, and intellectual property rights
can now find an optimal buyer and seller match without regard to national
borders. Technology and research and development skills become ever-
more rapidly disseminated. Globalization creates an environment of
shared risk and reward among nations that is a natural consequence of
economic interdependence (Seita 1997).
There is some evidence that Brazil, Russia, India, and China, collec-
tively known as the BRIC economies, will play a leadership role in shaping
these forces of globalization. A 2003 study concludes that the BRIC econ-
omies may be larger in GDP terms than the entire current G6 within 40
years. If the study proves correct, Germany, France, Italy, and the United
Kingdom may all be forced out of the elite G6 club by 2050, leaving only
the United States and Japan remaining as two of the six largest economies
in the world (Wilson & Purushothaman 2003).
The BRIC economies are far from passive in influencing the global
economy. Brazil, for example, ranks sixteenth in the world for quantity
of imports and twentieth in the world for quantity of exports. In spite
of this, Brazilian leaders have sustained a ...