Sample Article Review Paper on Piracy and Intellectual Property Rights

According to Herjanto et al (2014), piracy of intellectual property rights is indeed beneficial both to the firms producing pirated products and the consumers in terms of costs. Whereas it would cost an electronic company three hundred million dollars in research and development costs of a new product, it takes virtually no capital or time investment to copy an already existing product. Therefore, it does help cut costs. To the consumers, pirated products are availed at significantly lower and affordable prices, hence diminishing the consumer’s expenses. For example, Microsoft Windows XP Pro sells for three hundred dollars a copy, while a fortunate user in a developing country could get a pirated copy at half the price. Therefore, piracy of intellectual properties impacts positively on a business strategy of growth (Herjanto, Gaur, Saransomrurtai & Quik, 2014).

However, I completely disagree with the ideas presented in this article. According to Stanberry (2015), the estimates of the economic costs of “stolen” intellectual property rights are astounding. I concur with him because piracy is endemic eating into businesses. The 2001 estimates for profits lost resulting from piracy were twenty five billion dollars. The figure almost doubled by the year 2005 to forty billion dollars. According to Stanberry (2015), the widening US trade deficit is contributed to by pirated products that account for almost 15% of the value. Money is not all that is at stake; jobs. An estimated one million jobs have been lost as a result of illegal use of trademarks, patents and copyrights (Stanberry, 2015). Therefore, the idea that piracy does help save costs is indeed a fallacy, because economic losses resulting from piracy runs into billions of shillings. In addition to this, it is inaccurate to say that customers get quality products from companies indulging in piracy because the products are sub-standard and do not last long. Consequently, the article is not reliable because it is not credible.

References

Herjanto, H., S. Gaur, S., Saransomrurtai, C., & Hock Quik, W. (2014). Allowing digital piracy    for strategic benefits to businesses. J Of Inf, Com & Eth in Society, 12(4), 314-322.      doi:10.1108/jices-12-2013-0056

Stanberry, K. (2015). Piracy of intellectual property. Society, 27(6), 35-40. doi:10.1007/bf02699095