Cover PageBipiracy and Bioprospecting(graphic)Managing in a Global EconomyMSOM 305 Summer 2010Special Presentation PaperTeam Group Project:/Cover Page1. intro (stephan finished; someone please proofread and initial) One of the hot topics in the world right now, besides the oil spill and the war in the Middle East, is biopiracy and bioprospecting. Currently, drastic measures are being taken in various countries around the world in an attempt to protect that country's indigenous knowledge in the battle. International companies or even private entrepreneurs attempt to acquire a share of the natural resources found in foreign countries and market them either for financial gain or other reasons. With the global process of human globalization and the merger of small businesses into large ones. Research dedicated to finding new medicines and new ways to improve daily life is highly sought after. All this comes down to protecting the knowledge of the elders, transmitted from generation to generation and often kept “secret” from Western society and its companies. There are many different views on legality and ethics that come to light in some of these cases and how certain companies act. In this article we will try to give an overview, provide some case examples and give more information about the world of biopiracy and bioprospecting.1. bioprospecting vs biopiracy (seb-DONE, reread by stephan: it looks good)1. Both bioprospecting and biopiracy involve the extraction of biodiversity materials or techniques unique to an indigenous area that have been patented and produced to address a moral problem as well as a monetary problem. . When a company engages in bioprospecting, all or part of the profits must be shared with the country of origin. By taking a natural resource and marketing it internationally without any compensation, or even acknowledging its origin, many companies would be committing plagiarism in academic terms. However, as this goes far beyond any college campus, it is simply theft and completely unacceptable in today's society. With the number of international laws in force and the growth of the world, any company engaged in bioprospecting must be able to respect indigenous rights and share at least part of the profits, if not all, with the country of origin . benefit them in some way.1. references1. http://www.kahea.org/gmo/pdf/bioprospecting_people.pdf