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Reading E Fortunately, the situation is now much improved following various rounds of negotiations within the World Trade Organization. Nonetheless, international companies must remain vigilant against violation of their intellectual property rights. There are always those who will seek to profit from someone else¡¯s research efforts, financial investment and market goodwill. Innovation will be killed if its rewards cannot be protected by the law.

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Reading F Text 2_______________________________________________

You hear a lot about copyright and intellectual property (IP) nowadays, usually from one point of view: that of the copyright holder. That¡¯s not an accident ¡ª there¡¯s a lot of money to be made from

so-called ¡°intellectual property¡± rights, and many people will want to convince you that intellectual property rights are necessary and good, rather than being a giant rip-off for consumers across the planet. What you¡¯ll most likely be told is that intellectual property rights need to be protected, otherwise no one will ¡°innovate.¡± Why invent something if someone else makes all the money from it and you get nothing? Key Word:

rip-off: Something that is more expensive than it should be

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Reading G While this is a real problem that needs to be addressed, it¡¯s also a limited way of looking at innovation. Innovation is a cooperative process,

a social process that builds upon the work of countless other people. It¡¯s natural for people to innovate, and to work creatively together to find solutions to problems and challenges. Seen from this perspective, protecting IP slows down innovation, because people cannot use each other¡¯s ideas, or even similar ideas, without paying a lot of money or risking a lawsuit.

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Reading H If you want an example, look at the IT creativity that exists in the Asian region. It is probably safe to say that a lot of coders and IT creators cut their teeth on at least some pirated software. Those people now have skills that are invaluable in the modern economy. What if they had been forced to pay the ¡°market price¡± for legitimate products? They would have been priced out of learning and practising their skills. There¡¯d be fewer people who could innovate in technology. We¡¯d all be worse off ¡ª

except for the copyright holders!

Key Words:

coder: Someone who writes codes for computer programs cut one¡¯s teeth (on something): To get your first experience in a particular job by doing something

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