Summary:
It is, of course, the ideal situation to make profit and also let your intellectual property be protected, but in case one of these two has to be sacrificed, intellectual property is chosen for sacrifice. Intellectual property is merely a tool or a weapon in the hands of businesses and must be used in such a manner only. This index is sponsored by World Intellectual Property Organisation (WIPO), Cornell University, and INSEAD Business School. Developed economies, until and unless on a suicidal path, cannot decide to shun China, irrespective of blatant intellectual property violations. A number of stories, which tell us that the Chinese companies have very easily received a lot of intellectual property on the platter, and, thereafter blatantly violated both the contractual clauses and the globally acclaimed intellectual property of multi-national corporations (MNCs)..