tag:blogger.com,1999:blog-6297413898275266606.post2794220691238500160..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: Trade And IP Protectionhishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6297413898275266606.post-60919173944017008952013-12-12T14:23:15.673+08:002013-12-12T14:23:15.673+08:00BTW, good info on the copyright stuff, thank youBTW, good info on the copyright stuff, thank youhishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-78867343931303930762013-12-12T14:22:23.375+08:002013-12-12T14:22:23.375+08:00@anon
Again, you're proceeding from a false p...@anon<br /><br />Again, you're proceeding from a false premise, in this case that exports necessarily reflect comparative advantage, which is not necessarily true. Trade liberalisation might equally have negative effects on exporters, not just importers.<br /><br />In any case, focusing on the production side is only half the story. Consumers on both sides benefit immediately from lower hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-68655205568694455882013-12-12T12:21:16.001+08:002013-12-12T12:21:16.001+08:00I agree that both parties benefit, which is why I ...I agree that both parties benefit, which is why I said that free trade is not zero sum. Nevertheless, my argument is on two fronts, which is that:-<br />1) All countries would benefit from free trade in the long run, but a developing, exporting country derives more IMMEDIATE benefit than an importing country, because it is already exporting based on its existing industries. On the other hand, an Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-2376983822725827632013-12-12T10:43:14.008+08:002013-12-12T10:43:14.008+08:00@anon
Some good points here, though I have to dis...@anon<br /><br />Some good points here, though I have to disagree overall with both points 2 and 3.<br /><br /><i>"...do consider that exporters of physical goods (i.e. most of the developing/newly industrialized world) benefit more than importers from free trade"</i><br /><br />This statement makes zero economic sense. The whole point of free trade is that both parties benefit, via hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-80781200890785747052013-12-11T13:56:40.295+08:002013-12-11T13:56:40.295+08:00As someone with a background in IP in a jurisdicti...As someone with a background in IP in a jurisdiction which introduced TRIPS+ IP protections as a result of a US FTA, here's what I think:-<br /><br />1. You are absolutely correct that there is little immediate benefit in increasing rights without improving the enforcement of rights. However, do consider that from a political perspective it is easier to extend rights in an environment of lax Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-63918060618390510052013-12-11T10:01:02.733+08:002013-12-11T10:01:02.733+08:00@Jason
And if I said that, how many people would ...@Jason<br /><br />And if I said that, how many people would grasp what I was trying to say? :Dhishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-24101053457602452112013-12-10T20:43:57.080+08:002013-12-10T20:43:57.080+08:00You might have used too many words to say...
mar...You might have used too many words to say... <br /><br />marginal social benefit = marginal private cost<br /><br />:)Jasonhttps://www.blogger.com/profile/03517459200735545587noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-7818825790975741962013-12-10T15:28:55.478+08:002013-12-10T15:28:55.478+08:00@anon 3.06
...which is why I wrote:
"Emphas...@anon 3.06<br /><br />...which is why I wrote:<br /><br /><i>"Emphasising enforcement of existing laws would probably be more beneficial, as extension or not, that’s what really matters."</i><br /><br />In the absence of enforcement, extension of IP rights are toothless.<br /><br />In the presence of enforcement, IP rights are subject to conventional cost benefit analysis.<br /><br />hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-49104069034225337512013-12-10T15:06:00.102+08:002013-12-10T15:06:00.102+08:00It's not a straightforward argument, Hisham.
...It's not a straightforward argument, Hisham. <br /><br />Why would MNCs or SMEs want to invest in R&D, when the fruits of their labour are open to being mined by all, including those whose R&D expertise and funding is zilch? <br /><br />The prevailing argument of these "closet" socialists is that you go ahead and produce and I will get a free piggyback ride on the fruits of Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-48187811179584616402013-12-10T15:00:42.138+08:002013-12-10T15:00:42.138+08:00Dear Hisham
Another viewpoint on free trade and i...Dear Hisham<br /><br />Another viewpoint on free trade and innovation: since free trade means less income for importing countries with many IP producers (eg America) in form of less import duty, it may lead to decrease in funding for R&D and innovation (eg decrease in government grant for medical research).<br /><br /> Also, the flood of cheaper copied works (eg HTC Android phone) will be a Anonymousnoreply@blogger.com