With an approximate population of 1.2 billion, Africa is the second most populous continent on the globe- there is now doubt that the continent is growing to be an economic force. What’s more, Africa enjoys an abundance of natural resources: it is the source of 99% of the world’s chrome, it supplies other countries with 85% of their platinum needs, and it is responsible for 54% of the planet’s gold supply.
How the African economy develops in the coming years has the potential to create ripple effects worldwide. As emerging economies gain traction, millions of Africans are being lifted out of poverty and exerting influence onto the global economy. Africa is positioning itself as a force to be reckoned with as an ever increasing global economy reaches more inter-connected and technologically advance. …
Kamil Idris | Professor Idris was unanimously re-elected as Director General of WIPO in 2003. Idris discusses yearly goals for the World Intellectual Property Organization including a global patent system and progressive development of IP laws.
China will be hit hard by the new tariffs President Trump announced this year. The stiff tariffs, the President said, is due to China’s harmful and unfair U.S. technology acquisitions. The annual stealing of American IP by the Chinese, according to the United States Trade Representative’s 2017 report has already costs the United States between $225 million and $600 billion.
Tariffs To Be Imposed On Chinese Goods Worth About $50 Billion
The penalties for IP theft is among the highest. These tariffs announced by President Trump will be imposed on imports from China with a total worth of $50 billion. Intended as punishment for China’s alleged stealing of U.S. intellectual property, tariffs have also been justified for national security reasons. China’s intellectual property violations allegedly include theft of trade secrets, counterfeiting of popular brands of consumer items, and exerting pressures on businesses to share their technologies with Chinese firms to be able to access the vast market in this country. …