By SARUN SAELEE
Intellectual property is an important issue in this globalizing world after the spread of pirated products ranging from brand-name garments, music, movies to computer software. Certain industries are indeed affected.
Piracy is a crime. If producing counterfeit goods by copying from original ones can cause significant damages to product owners, stealing their information does not make any difference. If the thief is a big nation, this indeed will be a colossal international problem, sparking a plethora of consequences.
The U.S. recently spent about $398 billion to examine who or which countries are its biggest information thief. The result concluded that China, its key economic rival, was on the list to steal sensitive economic and commercial information of the country, including pharmaceuticals, information-technology, military equipment as well as advanced materials and manufacturing processes.