China's fast rise is an opportunity for India

China’s fast rise is a perfect example of a big country’s transformation into a great power. The ambitious China’s is striving hard for # 1 position and doing everything from assertive trade policies to military expansion.

Our PM has said in his recent visit to Malasyia, there is lot of space in world for both the rising powers India & China. But contrary to India, indistinctness in Chine’s policy has increased the fear that China will become more assertive as it grows richer and have real consequences.

This has set of jitters cross the world, prompting new alliances all round to keep them out of Chiness influence. India’s strength and parallel economy rise has made it a perfect player with ability to counterweight China. Even China thinks so and working on encircling India in South Asia with its growing link with Pakistan, Sri Lanka and Nepal.

In the new geo-political equation, India has emerged as a major power with well-built potential. Indian policy makers have quickly realised this fact and promoting itself throughout the region.  

No doubt the new spark in Indo-US relation is a result of this. After nuclear deal, India & US has tied up to lower the Chiness influence in African Continent. EU, Japan and ASEAN countries are also working towards strengthing ties with India.

This all is working in favour of India where India is definitely gaining ground with litter effort. So it may sound puzzling but “China's fast rise is definitely an opportunity for India”

INTELLECTUAL PROPERTY AND DEVELOPING NATIONS

Intellectual property rights give the owner of that property the exclusive right to use.

This creates monopoly where owner of the property allow others to use it for payment or fee.

The protection of IR is designed to ensure that inventors who invest their money and time in creative activity receive a return on their investments. This monopoly power generates monopoly rent and it is these profits that provide the incentive for engaging in further research to keep hold of the monopoly.

Economy efficiency means knowledge should be made freely available, but the IR regime is intended to restrict usages. Somewhere this has definitely impaired the leverage of globalisation.

The role of developing nations

The fundamental criterion for a free market is the equal availability of information to all participants. But with the use of IR, information is packaged and sold as commodities and free market becomes the casualty. When two economies of uneven stages of technological development trade bilaterally, the trade surplus always remains in favour of advanced economy unless the trade negotiation is thought through by less advance economy.