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Ethical Concerns About the Globalization of Information

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  • 0:00 Intellectual Property
  • 0:46 Types
  • 1:27 Globalization
  • 3:19 Outcomes
  • 3:55 Lesson Summary
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Lesson Transcript
Instructor: Beth Loy

Dr. Loy has a Ph.D. in Resource Economics; master's degrees in economics, human resources, and safety; and has taught masters and doctorate level courses in statistics, research methods, economics, and management.

In this lesson, we'll discuss the impact of globalization on intellectual property. As information exchange becomes quicker and easier with the Internet, there are certain ramifications we need to be aware of both domestically and internationally.

Intellectual Property

Did you ever write a short story for school? Maybe you created a piece of art or a new type of app. I'd say that most of us have taken an original idea and made something unique from it. If you are a creative person or even an inventor, you need to know how to protect your ideas.

How we protect our creations in the United States can differ from the way creative work is protected in other countries. The reason we have intellectual property laws is to encourage individuals to be creative and let them reap the ensuing rewards. Intellectual property is a body of work that is protected in a way that keeps others from benefiting from what an individual is merchandising. With globalization we now have to look at international protections, not just those at home.

Types

New ideas stimulate the economy by creating jobs, developing products, implementing technologies, and improving productivity. Every day we find ourselves surrounded by items that are protected by copyrights, patents, and trademarks.

For example, copyrights protect ideas, like photos or plays. Patents protect inventions, like new medications. Trademarks protect names and logos, like Harley Davidson. Copyrights, patents and trademarks form the essence of intellectual property rights and that's just in the United States. Globalization has opened a new world of information exchange and protections.

Globalization

Globalization is a concept that reflects how businesses and economies interact internationally. Although we can credit advances in technology, transportation, and communication for giving us global opportunities, the Internet has had the most impact on globalization. As information streams from one country to another, the issue of who owns what becomes convoluted. Intellectual property is one of the more interesting and intricate areas of globalization.

Some people argue that this freeing of information among countries is beneficial to economies that need new information to develop. The linking of computers, markets, phones, and televisions throughout the world allows us to communicate simultaneously from any time zone. If we can do this, it's likely that one country can take an idea from another and build upon it. But how do we balance who created the information with who wants the information?

The answer to this question remains controversial. The use of intellectual property rights to protect certain types of information continues to develop, but the essence of the law remains. Once someone creates an original work, it's protected by intellectual property laws. This could be a car model, company logo, or weapon design.

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