Topic Selection and Rationale (Attempt 1 ) Essay

Topic Selection and Rationale (Attempt 1 ) - Essay ExampleThe expertness to properly define and/or guarantee protections for unique works or concepts could easily lead to go if the intellectual property is governed domestically yet regulated abroad when doing business in foreign nations.In microeconomics, comparative good could explain a potential stalemate when it comes to intellectual property protection. This is when a besotted has the ability to produce a work or product at a lower opportunity cost than competition. An opportunity cost is when the senior highest valued alternative must be sacrificed to select another strategy. If i business operates in a market where there are many competitors, and are able to vex lower cost in the action, competition may be more adamant about protect their intellectual property as a competitive tool. Because the WTO acts as an agency and forum for these discussions, it is likely that the WTO pull up stakes become engaged in trying to se ttle the dispute. A competing company might have in truth high cost objectives, however they cannot lower their opportunity costs to seek a special brook or product innovation. Animosities between the rival companies could cause conflict with the membership of the WTO, based on the high cost of doing business against a competing product able to avoid high opportunity costs.In macroeconomics, ostentatiousness could also lead to problems with intellectual property rights disagreements that will ultimately involve the WTO. This is when the price of goods and services rises imputable to supply, finance, or money supply. Companies that are unable to compete effectively against another company that enjoys comparative advantage may also have inflationary issues arising from the cost of doing business which, in turn, affects overhead costs and business costs. The company could, at the same time, be impacted by inflation associated with international distribution.