Vanderbilt Journal of Transnational Law

First Page



The pursuit of protection of IP rights is a valuable goal both for the United States and the rest of the world community. Such rights promote creativity and the advancement of knowledge, as well as fuel the domestic economy and improve the position of the United States vis-a-vis the other trading nations of the world. With the growing interdependence of the global economy, there is no time like the present to lay the foundation for a system of dispute settlement of such trade matters. Economic interdependence will continue to increase, and the problems of international trade in, and piracy of, high technology IP will increase alongside. As one of the most powerful IP exporters, it is vital for the United States to gain greater international protection for its high technology IP. At present, the GATT is the best forum for the United States to show the world community that it is serious about IP protection and is committed to curbing the piracy of what has become an important element in the United States economy.