Subject: Business and Management
Language: English (U.S.)
Pages: 2
What is Intellectual Property (IP) theft...How is or how can IP violations be rendered undesirable or unprofitable...Is enforcing IP violations worth the trouble...Why or why not? Fully discuss Executive Order 13,133. How can the use or misuse of the Internet affect the economy? find an article on Japan's reactor situation. What can we learn from the way Japan has reacted to these catastrophic disasters of earthquake, tsunami, and now nuclear holocaust? Do you sense a frustration from the western media and why? Why do you think the Japanese seem reticent to distribute information? What can we learn from the men who have volunteered to enter this reactor? What does it resemble?

Week 6 Questions

1.     Intellectual Property Theft

Intellectual property theft refers to the infringement of copyright, patents, trademarks, trade secrets, and industrial design rights. The purpose of intellectual property law is to promote progress and ensure that the society and the copyright owner mutually benefit. The society moves forward due to the innovations while the creators benefit economically and can improve their welfare. Benefiting from their creative works gives the inventors and creators incentive to create more and bring progress to the society. For this reasons, it is imperative to fight IP violations to ensure that everyone keeps benefiting from the creative works of these creators.

Intellectual property theft is described as a breach against the civil and criminal law. Steep punishment is needed in order to avert people from committing intellectual property theft. Intellectual property theft can make people lose their jobs, and cause damage to the reputation of the original inventor because his products are now seen as counterfeit. Furthermore, this form of theft can deny the government much needed tax revenue and even contribute to the growth of organized crime. Proliferation of organized crimes will result in the deaths of countless people and the destruction of neighborhoods.

2.     Internet and the Economy

The Executive Order 13133 establishes a working group to oversee the conduct of people over the Internet. The working group was instructed to conduct a research on how citizens conducted themselves over the Internet and prepare a report about illegal activities taking place over the Internet. Some of the illegal activities include the sale of prescription drugs, guns, controlled substances as well as explosives. The order also mandated the working group to investigate and prosecute individuals propagating child pornography over the Internet. The group was supposed to prepare a report on these issues among others as well as table recommendations to avert the continuance of these illegal activities. The working group was meant to present the report to the President and his deputy within 120 days of the establishment of the working group.

There is no doubt that the Internet provides innumerable economic benefits for the country. Businesses are able to attract more customers over the Internet, thereby increasing their revenue significantly. With increased revenue, the companies can expand their businesses and hire more people significantly reducing the unemployment rate in the country. Taxes have also received a boost because it is easier to submit tax returns through internet enabled technology. Furthermore, the revenue authorities can keep proper records of taxpayers across the country.

The Internet can also have a negative effect on the economy of a country. Fraudulent economic activities are carried out over the Internet at an alarming rate. Several companies also engage in corporate sabotage over the Internet negatively affecting the competitiveness of the market and the economy in general. Without competition, innovative products cannot be produced, which will make consumers refuse to buy products from the domestic market. The economy will slump as a result.

3.     Japan’s Reactor Situation

Japan was completely ill prepared for the catastrophic disasters that shook it over the last couple of years. An earthquake led to a shift in the tectonic plates underlying Japan. The shift in the tectonic plates caused a gigantic tsunami to sweep across the country. Furthermore, the earthquake caused a nuclear holocaust exacerbating the problem even further. The Japanese were reticent in revealing the information because it believed that it had the situation under control. However, after the nuclear holocaust, the country realized it needed all the help it could get. It has also been the country’s tradition to keep its activities secret from the western press, as it believes that any western influence is a form of imperialism in the nation.