The Issue of Piracy on Global Commerce > 자유게시판

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Counterfeiting has been a persistent issue in global trade for decades, affecting not only the bottom line of businesses but also their bottom line of businesses but also the safety and well-being of consumers. With the rise of online shopping and international trade networks, the problem has only gotten worse, making it essential to discuss the impact of counterfeiting on global trade.

One of the most significant effects of counterfeiting is the loss of revenue for companies and administrations. According to a report by the International Chamber of Commerce, the global counterfeiting industry is estimated to be worth over $1.8 trillion, with counterfeit goods accounting for about 5-7% of global trade each year. This translates to billions of dollars in lost revenue for legitimate businesses and governments, which could have been used to fund public projects and initiatives.

Counterfeiting also affects shoppers in various ways. For instance, counterfeit goods are often made with substandard materials that can harm human health. In 2018, a number of people died in the US after consuming counterfeit pills containing fentanyl, a highly addictive opioid that can be deadly in small doses. In another instance, skincare brands have had to recall batches of makeup and skincare products contaminated with heavy metals or bacteria. Consumers who buy these products can be exposing themselves to these risks, which could lead to permanent health damage or even death.

Another significant impact of counterfeiting is the disruption it causes to global supply chains. When counterfeit goods are sold at a lower price than their authentic counterparts, buyers prefer the cheaper option, which can send companies to bankruptcy as legitimate companies struggle to compete. For instance, in 2017, it was estimated that at least $2.5 trillion worth of legitimate merchandise and products was produced but not sold in whole. Illicit products took over the market, forcing out authentic goods resulting in lost sales.

Moreover, counterfeiting can lead to instability in the global economy. When consumers buy undetectable counterfeit money for sale goods, they are not only financing illicit activities but also depriving the world market of valuable income. According to a study by the OECD, for every $100 sold in counterfeit goods, around $30 of that money may go to illicit networks and corrupt government officials, while around $60 of it may stay within the legitimate economy. However, the legitimacy of these remaining portions is quite questionable.