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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 770 |
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These costs have made resolving this problem a key priority for many major Hollywood studios and industry participants who have seen the piracy problem taking a bigger and bigger share of their box office returns. The same is true for the music industry which claims to lose hundreds of millions of dollars each year because of global pirating of movies and music...
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The WTO further restricts tariffs on textiles, apparel, and forest products. It also requires countries to upgrade their intellectual property laws to protect patents and copyrights and to guard against the piracy of items such as computer software and videotapes. The largest and most powerful trading nations in the world comply with the WTO rulings, and the WTO can sanction nations that ignore its rulings†(Reed, 2005, ch...
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