The Law and Economics of Globalisation

The Law and Economics of Globalisation

New Challenges for a World in Flux

Edited by Linda Yueh

This inter-disciplinary volume focuses on the economic and legal challenges confronting globalisation and the evolution of the global system. The Law and Economics of Globalisation discusses the hotly debated topic of globalisation from a wide set of perspectives of law, economics and international political economy.

Chapter 8: Intellectual Property Enforcement in a Global Economy: Lessons from the BRIC Nations

Robert C. Bird

Subjects: economics and finance, international economics, law and economics, law - academic, international economic law, trade law, law and economics


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 evermore 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, collectively known as the BRIC economies, will play a leadership role in shaping these forces of globalization. A 2003 study concludes that the BRIC economies 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 leading role in Doha-round agriculture negotiations and formed, in conjunction with India, the developing country negotiation block...

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