G8 2012: Global Streamlining as the Catalyst for Global Uniformity in the Global Economy?
The ramifications of the G8’s IPR declaration on developing economies become more fascinating as time goes by. This commentary, for instance, traces the measures that need to be adopted to ensure efficiency of processes and business development, by creating more streamlined processes along the global supply chain. The article continues to speak about the benefits to developing economies with such a process, so that global piracy and smuggling can be caught that the source points along the chain. However, this implies a loss of control for developing nations, whose governments might already be weakened by international trade treaties such as those of the WTO. Increased accountability to foreign firms in the supply process could mean lesser innovation in the development of domestic trade policies, and greater uniformity across the world could mean more economies would be vulnerable to the same problems. Stay tuned to IPEye for more coverage on the issue.
Photo Credit: US Department of State, http://1.usa.gov/Kn6UJN
About: Mekhala Chaubal
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