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Last Updated Sep 27, 2025
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There are several tensions over physical resources where powers disagree about who owns them and who can use them. Other sources of tension are due to counterfeiting (both tangible and intangible).
A global system of IP has been run since 1967 by the World Intellectual Property Organisation (WIPO) → Part of the UN
Ensures TNCs, individuals and government agencies can protect new inventions, trademarks, artistic works and trade secrets from use by others It is important because:
Without IP, innovations and ideas can be stolen and used by others
It could be a huge disincentive to innovate and invent
The costs of developing new medicines or communication technologies could not be recouped through selling products if others could simply copy the idea
IP requires users of a product to pay fees to the inventor which is a cost to developing countries
IP holders do not have a duty to make a new invention available, in theory they could prevent a new medicine being made
The system can create a monopoly in which the inventor can make changes to a product and ∴ deny it from some people on the basis of price Well Known to Occur in Asia
In 2011, 22 fake Apple stores were found in China
Spheres of influence can be contested = tensions over territory and physical resources. Can sometimes lead to conflict Such disputes frequently flair up because:
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