ISYS 2394 Essay on Counterfeiting Assignment Help

ISYS 2394 Essay on Counterfeiting Assignment Help

 Essay on Counterfeiting

Counterfeiting as a dreaded concept is normally seen by people as a simple crime with ‘faking’ which only simply constituting of making a cheap alternative for purchase of consumer. It is also one business which is seen by people with a low risk of lawful prosecution as it has very light penalties when compared to the huge profits which are to be made while selling the counterfeits in the market. The actual reality is that the most of the international trade which is done using counterfeit products is very much approximated to be exceeding ten per cent of the complete global trade. This is just not only very much causing damages to legal business entities and their specific investment opportunities but it also has a hugely negative impact on the overall society as well as corresponding to the global economy (Nia and Zaichkowsky, 2010). Essay on Counterfeiting Assignment Help gives, up to the mark solution about security.

Different companies and industry associations also have reported that the quality of the product packaging which has been used by illegal counterfeiters which is also very much improving, hence making it very much difficult for every consumer as well as enforcement personnel to distinguish between which ones are real and which ones are fake goods. Also, now counterfeiters have very much often shown that they are now very much well organised, adaptable to situations and use hugely covert as well as sophisticated measures which can be used to avoid detection by detectors and further prosecution by law.

When we talk about the range of counterfeit brands and products which are present, it is extremely broad and all the market trends indicate that all the counterfeiters are just no longer stopping their illegal activities to luxury brands like LVMH, Armani, Bulgari etc. but increasingly are moving towards consumer goods, which include everyday items like baby food, medicines, woman cosmetics, parts of aircraft and automobile parts. This is very much illegal but also forms a serious threat to social health and their safety as these counterfeit products are not very much subject to quality and safety checks.

The overall trade in counterfeit goods and brand is very much lucrative and highly growth area. There has been increasing evidence which can show that very much in addition to the logical links between counterfeiting goods as well as organized crime, many of the terrorist societies are now using counterfeiting as a method of illegal trade to finance all of their activities world over (Rakoff, and Ira 2012).

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When we talk about Counterfeiting, we also have to calculate the intrusion in Intellectual Property areas. The Intellectual Property crime now costs the general public as well as businesses, hundreds of billions of US currency and employment opportunities every year, which is in addition to the financial issue prevailing in the United States. It also

  • Creates damages to domestic and foreign investment and culture and spirit of innovation;
  • Has huge and potentially disastrous social and economic consequences for small and medium businesses;
  • They almost always escapes the legal taxation, because counterfeit goods are either smuggled into home countries or always come in with forged or invalid documents;
  • It always puts a severe strain on different local law enforcement agencies;
  • It diverts useful and needed government resources from other important national priorities and puts a strain on all the limited assets which are available to local law enforcement bodies and other government bodies which are must to deal with the counterfeit goods problem.

Globally now regions where counterfeiting was not very much common - such as Australia and New Zealand - are now huge victims of counterfeit goods exports and imports.  During the last quarter of 2010, seizures of counterfeits in Australia equaled the amount seized in the six prior quarters in total (Vithlani 2010).

Counterfeiting & Terrorism

There is another aspect of counterfeiting which is connected with the shadowy world of terrorism financing. When we talk about the theft of intellectual property rights which is through counterfeiting goods as well as working on pirated consumer goods is very much huge as well as growing global enterprise. It is very much estimated that counterfeit goods accounts between 15 and 20 percent of the global goods which are sold in world trade. As per Interpol, these counterfeit products are worth approximately $450 billion on an annual rate. According to the U.S. Trade Representative Journal, USA businesses are set to lose as much as $350 billion every year to the counterfeiters (Robert M. and Donald J. 2010).

When we add up the product counterfeiting's with their high profits using the uninformed notion that all of the purchase of using a knockoff designer handbag, a fake wristwatch, or a pirated DVD, looks like a victimless crime and hence it is no surprise that the trade in counterfeit products is very much lucrative. This kind of criminal activity has very less damaging consequences for all the global economy and for all the very honest businesses and all of their employees. Moreover, given the evidence that terrorists are engaging in counterfeiting to secure money to support their operations, the potential consequences are far direr than economic damage.    The unclassified evidence which is present is linking terrorism as well as counterfeiting is very much compelling and it spans multiple organisations, agencies and years. For example, in a 2002 advisory by United States Government which is entitled, ``Financing Terror: Profits from Counterfeit Goods Pay for Attacks,'' the Customs Service of United states has warned that an increasingly close connection is present between trans-national crime as well as global terrorism with the garnered profits between counterfeit products as well as pirated goods being their strongest link (Phau and Chuen, 2011).

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The U.S. Bureau of Customs and Border Protection has seized about $160 million in counterfeit goods in 2014, compared with $90 million in 2013. These Counterfeit goods include Compact disks, pirated computer software, different sneakers, golf clubs, male and female perfume, soft drinks, baby food, consumer electronics, auto mobile parts. You have to name the product and someone will be selling a bogus or pirated version on a deep street corner in some American city, and as you will be able see, we have a range of counterfeit merchandise which has been seized by various raids which can be displayed on the racks.

In addition to the high profits, there is another reason that terror groups have turned to all this method of terror financing. The United States and its allies around the world economy have made most amazing progress in lowering off the flow of terrorist money which is through established law enforcement mechanisms and institutions. These all concurrent and concerted efforts have been making a difference. But we also know that terrorists group are also very much resourceful and determined. If we work on shutting off one avenue of financing, they will find another. Hence counterfeiting is very much in progress and hurting global economy (Dean. and Barrett, 2013).

References

Nia K. and Zaichkowsky J.,2010, ‘Do counterfeits devalue the ownership of luxury brands?’, Journal of Product and Brand Management, 1 July 2000, Vol 9, no. 7, pp 485-497 Andres E. 2011, ‘How Effective Are International Copyright Conventions in the Music Industry?’, Journal of Cultural Economics, Vol. 20, no. 1 Wee, S. J. Ta and Cheok K. H., 2009, ‘Non-price determinants of intention to purchase counterfeit goods: an exploratory study’, International Marketing Review, vol. 12, no. 6, pp. 19-46 Shultz M. and Saporito K. 2011, ‘Protecting Intellectual Property: Strategies and Recommendations to Deter Counterfeiting and Brand Piracy in Global Markets’, Columbia Journal of World Business, vol.31, pp.18-28. Adis K., 2012, ‘Counterfeit drug trade in Russia costs pharma industry >$US250m/year’, Pharmaco Economics and Outcomes News, vol. 1, no. 363, pp. 11-11 Diane K. 2014, ‘Battling the Boom in Bogus Goods’, American Bar Association Journal, Vol. 71. Gene M. and Shapiro C. 2009, ‘Foreign Counterfeiting of Status Goods’, The Quarterly Journal of Economics, Vol. 103, No. 1, pp. 79-100. Dean H. and Barrett D., 2013, ‘Unrespectable Research and Researching the Unrespectable’, in H. Dean and D. Barrett (eds.), Ethics and Social Policy Research, University of Luton and the Social Policy Association Vithlani H. 2012, The economic impact of counterfeiting, OECD, Paris Phau, G. and Chuen L. H., 2011, ‘Profiling brand-piracy-prone consumers: An exploratory study in Hong Kong's clothing industry’, Journal of Fashion Marketing and Management, February 2001, vol. 5,no.1, pp 45-55 International Trademark Association 2011, The Economic Impact of Trademark Counterfeiting and Infringement: Estimation of the impact of trademark counterfeiting and infringement on worldwide sales of apparel and footwear Hui, I. Png Y. & Cui H., 2010, Piracy and the legitimate demand for recorded music, National University of Singapore, Singapore Kelly L. and Regan L. 2009, Stopping Traffic: Exploring the extent of, and responses to, trafficking in women for sexual exploitation in the UK, Police Research Series Paper 125. Peter H., Ronald F. and Leland C. 2013, ‘Consumer accomplices in product counterfeiting: a demand side investigation’, Journal of Consumer Marketing, Vol. 10, no. 4. Rakoff, J., and Ira W. 2012, ‘Commercial Counterfeiting and the Proposed Trademark Counterfeiting Act’, American Criminal Law Review, Vol. 20, No.2, pp. 145 Robert M. and Donald J. 2010, ‘The Economic Effects of Intellectual Property Right Infringements’, The Journal of Business, Vol. 63, No. 1, Part 1., pp. 79-90.