Trans-Atlantic Trade and Investment Partnership: IP protection needed now more than ever
Friday, August 15, 2014 5:10 pm
By Cooper Lohr
The EU has recently initiated an Action Plan, to combat the violation of the Intellectual Property Rights. This action plan includes non-legislative efforts to inhibit the flow of IP infringed products within the economies of member nations. With the number of IP violations only growing, a combative strategy is not only timely, but economically efficient. Money for R&D firms set aside monetarily spurs innovation which, in return, drives economic growth and sustainability. When industrial modernizations, produced goods, and overseas services are pirated or copied, it not only harms respective industries but also the economy as a whole. Profits from innovation are thus tarnished, leaving companies, consumers and the government to inherit the burden while third-parties profit.
Venezuela:The Effects of the Foreign Exchange Control System
Saturday, June 28, 2014 11:29 am
By Andrea Rondón García *
For over a decade, the policies of Venezuela have led to the systematic weakening of respect for private property has been in place in Venezuela. The most illustrative example of it is the foreign exchange control regime established in 2003.Applied as a State policy to achieve greater control over individuals rather than as a circumstantial economic measure, the exchange control constitutes one of the decisions of this government that has had the largest effect on the private property and economic freedom of all Venezuelans.
Ireland’s Potentially Catastrophic Plain Packaging Law Could and Should Be Vetoed By EU
Monday, June 23, 2014 6:13 pm
By Lorenzo Montanari & Brendan Walsh
Recently Ireland became the first country in the EU to approve plain packaging of cigarettes. Ireland’s decision to move forward with plain packaging is deeply concerning and will likely lead to tremendous problems for Ireland and the international community if it is implemented. However, before plain packaging can be made official it must be approved by the European Union where it is believed that it will luckily be struck down by some countries due to its correctly interpreted infringement upon intellectual property according to an article in theIrish Independent. Therefore, there is still hope that Ireland’s overzealous law will be struck down by the EU and the negative externalities associated with plain packaging can be avoided.