writes "As the World Intellectual Property Organization (WIPO) in known for a very rigid course combating counterfeiting and piracy in general, it comes as a surprise that during a meeting of the WIPO Advisory Committee on Enforcement, several presenters have shown nuanced views on the economics of enforcing the intellectual property rights. Combating clothing piracy might not be beneficial for the welfare of a developing country. Most surprising is the presentation (PDF) of WIPO Chief Economist Carsten Fink, which says that illegal copies of software may actually be beneficial even for consumers of the original goods. Also the piracy of audio-visual goods creates not only losses but also benefits for e.g. hardware manufacturers. Maybe this is because Mr. Fink wrote the presentation before joining WIPO?"