Enhancing Competitiveness through Compliance: Case of Technology Compliance - Theoretical Economics Letters

TEL > Vol.9 No.7, October 2019

Enhancing Competitiveness through Compliance: Case of Technology Compliance ()

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Download as PDF (Size: 1460KB) PP. 2397-2417

DOI: 10.4236/tel.2019.97152 896 Downloads 1,767 Views Citations

Author(s)

Tamanna Chaturvedi, O. P. Wali, Ankit Kesharwani^*

Affiliation(s)

Department of Trade, Indian Institute of Foreign Trade, New Delhi, India.

ABSTRACT

Role of technology towards promoting innovations and enhancing competitiveness is very well witnessed. However, this perspective can only remain sustainable in light of stringent IPR protection which becomes essential towards ensuring sustainable competitiveness in light of the growing incidence of noncompliance in the form of digital piracy prevalent globally. The international pricing and competitiveness of goods with the use of pirated software completely distorts the market which goes against the basic international trade theory which assumes the absence of distortions in the prices of factors of production when the trading countries entered into trade only due to the commodity price differences between themselves. Taking cognizance of such a situation some states in the USA has enacted a law called Unfair Competition Act which debars US-based companies to enter into any business deals with any foreign company using pirated versions of software or hardware. In such a scenario, compliance becomes one of the most strategic tools not only to retain the market share in the US, but also to gain edge against global competing players. This paper systematically explores the status of IT compliance in India vis-à-vis global players and suggests how different sectors may respond to early compliance benefits. The paper analyses the extent of new opportunity to Indian manufacturers emerging out of this law in comparison with its main competent suppliers in the US market.

KEYWORDS

Trade Compliance, IT Compliance, Non-Tariff Barriers, Software Piracy, MSME, Unfair Competition Act

Share and Cite:

Chaturvedi, T. , Wali, O. and Kesharwani, A. (2019) Enhancing Competitiveness through Compliance: Case of Technology Compliance. Theoretical Economics Letters, 9, 2397-2417. doi: 10.4236/tel.2019.97152.

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