Annotated Bibliography International Business Student Name: Pham Quynh Phuong - ID: 11184082 Class: Advanced Accounting 60 Globalisation and its influence on ethical decision-making in business: China and intellectual property Neveling, A., Malan, D. & Yortt, A., 2014. Globalisation and its influence on ethical decisionmaking in business: China and intellectual property. African Journal of Business Ethics, April, 8(1), pp. 45-67. 1) Introduction Ethical decision-making in business is under the influence of various factors, including the external environment, organizational factors, and society. As a result of globalisation and political reforms, business ethics in China have changed significantly in the period from 1985 to 2011. Although such changes may take some time to prove, the lag between policy changes and tangible changes in the approach to intellectual property rights has been observed in the patent application trends in China. Changes in approach to intellectual property describe to what extent emerging economies have embraced the opportunities presented by globalisation. By studying the impact of globalisation on business ethics of intellectual property rights (IPR) in China, lessons on regulating laws for governments and obeying international laws for corporations on protecting intellectual property will be valuable for emerging economies, especially Vietnam. Moreover, the analysis was taken by a group of experienced researchers in corporate governance, business ethics, and corporate responsibility from the University of Stellenbosch Business School in South Africa. 2) Content of the research i. ii. iii. iv. Abstract Introduction: Differences in ethical decision–making The increasing role of IPR in the age of globalisation The changing face of IP and its protection a. From the Paris Convention to Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) b. The importance of IP c. Lack of trust in IPR in developing countries d. A changing approach to IP e. The Global Intellectual Property Index (GIPI) v. Developing BRICS countries and IP 1 Annotated Bibliography International Business vi. China and IP a. Cultural influence b. A changing approach c. International views of China’s IPR d. Recent examples illustrating a change in approach e. Stumbling blocks in protecting IP vii. Patent application trends from 1985 to 2011 in USA and BRICS countries viii. Conclusion 3) Aims and research methods The research used mixed research methods to come to the final conclusion. Qualitative method was used to analyze the importance of intellectual property protection under the impact of globalisation. Quantitative method was used to collect data on the patent application trends and Patent Cooperation Treaty (PCT) Filings in the US and BRICS countries. 4) Scope of research The research focused mainly on the scenario of the Chinese business environment concerning intellectual property rights from 1985 to 2011. The research also investigated the patent application trends as well as the PCT Filings between 1985 and 2011 of Brazil, the Russian Federation, India, South Africa (BRICS countries), and the US. 5) The usefulness of this research to the topic The research has shown the correlation between the patent application trend as well as the PCT Filing trends, the acknowledgment and practice of intellectual property protection, and the economic growth in several emerging economies. Thereby, the practice of protecting intellectual property rights is proved to be one of the fundamental requirements in doing international business in the globalizing world, especially to emerging economies. 6) Limitation of the research When describing international views of China’s IPR, the research has raised the opinion from the point of view of capitalism countries or developed countries, not international views from both capitalism and communism. The difference in the political system obviously triggers the difference in driving forces of the decision-making process in business, which makes the comparison between the US governance and Chinese one less convincing. 7) Conclusion Because the rules of global organizations are still heavily influenced by developed countries’ policies. Developing countries have to update their policies to subscribe to these rules, in order to enter the lucrative markets, and thus the world economy. 2 Annotated Bibliography International Business With a view to transforming the country into an economic powerhouse and global leader, the Chinese had to make changes that may even run counter to their own culture. With the rising trend and concern for implementing intellectual property registrations and rights, the legal environment of China has promisingly improved. Because Vietnam and China have many points in common, this journal is very helpful in providing a strong foundation of literature for further research into the influence of globalisation on an ethical issue as intellectual property when doing international business. 3 Annotated Bibliography International Business 4