A thought on intellectual property rights following yesterday’s magnum opus. As is often the case in trade deals, political economy means that the remedies are at a tangent to the real problem.
The main complaint I hear from US companies is that their IP is being stolen in emerging markets, particularly but not exclusively, China. It’s not just about the quality of the laws on the books: it’s about getting them enforced. Even if you can get the evidence together for a case (especially tough for industrial espionage), Chinese IP courts have limited recourse and are subject to local political pressure. Read more