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    Piracy, Internet and Intellect Property Laws

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    Corporations that seek to transition into foreign markets are faced with a number of political and legal problems. Increasingly these firms must deal with counterfeit products which steal profits away from the original company. Theft of intellectual property is common and has become a major issue in international business.

    Answer the following questions:
    What actions can companies and governments take to ensure that products are not easily pirated?
    Increased digital communication may pose a threat to intellectual property because technology enables people to create perfect clones of original works. How do you think the Internet affects intellectual property laws?

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    Solution Preview

    What actions can companies and governments take to ensure that products are not easily pirated?

    Some concrete actions can be implemented by governments to protect products from piracy such as:
    Embedded integrated Circuit (EIC) - this circuit may be incorporated in the product with the specification about the product embedded in it. Low frequency scanners can detect electronic signals from the product that will vouch for the authenticity of the product.
    RFID (Radio Frequency Identification) - Another is a method of tagging wherein products' destination may be monitored. RFID releases radio waves and can be detected from miles away.
    Microsoft, a leading software company, made steps in combating piracy by incorporating activation ...

    Solution Summary

    This solution discusses how companies and governments implement measures to ensure that their products are not easily pirated. It discusses also how the internet affects intellectual property laws.