agree with Travis,The goods are either intellectual property or physical goods. Piracy of intellectual property suchas Japanese’s magna or MS software might be seen in a positive way despite its dangers. It maybe seen as a tool of product diffusion. “This “piracy” is now supported by the commercialindustry, which in fact sponsors events where fan-made magna, a highly derivative version of thecommercial product, is sold.The media companies use these events to publicize their won talent
China’s undervalued yuan is fueling a boom in Chinese exports to theU.S., where jobs are being lost to the cheap Chinese imports. For its part, China is facingthe potential for a surge in inflation as the country expands the money supply in an effortto maintain the artificial Yuan/dollar relationship.Many students will probably suggestthat if the yuan is allowed to float, China will see some of its manufacturing slow ascompanies lose the benefit of cheap yuan exports.This could then translate into aslowing economy.Other students may note that a stronger yuan would give the Chinesemore buying power, which might benefit foreign producers.Still other students maybring up the huge foreign exchange reserves currently being held by China, and how afloating yuan might affect the reserves
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