A study by Daniel Okimoto at Stanford University identified five other factors: 1  The political party in power did not take the difficult steps needed to spur the economy. 2  Taxes were raised in 1997. 3  Banks kept bad loans on their books, which tied up capital needed to invest in growth.
Intellectual property is the area of law that deals with protecting the rights of those who create original works. It covers everything from original plays and novels to inventions and company identification marks.atents protect an invention from being made, sold or used by others for a certain period of time. There are three different types of patents in the United States: 1  Utility Patents-these patents protect inventions that have a specific function, including things like chemicals, machines, and technology.
Lately, the Digital Millennium Copyright Act (DMCA) has stepped into the spotlight as a result of the ongoing SOPA and PIPA debates.Passed unanimously on October 12, 1998, the DMCA is the current law of the land when it comes to various online copyright legalities.nti-circumvention laws dictate what one can and cannot do with a piece of technology. Title I of the DMCA also disallows for reverse engineering in certain instances; and, perhaps unintentionally, the Act effectively created a monopoly for Macrovision in the video recording copyright prevention arena.