Counterfeit Goods And The Global Market - 1590 Words

2nd ECOFIN Kingdom of Belgium Counterfeit Goods in the Global Market Reducing the Frequency of Counterfeit Goods in the Global Market Introduction Despite counterfeit goods’ deceiving social perception, the act of manufacturing and the buying of counterfeit goods or copied products is highly destructive to the overall function of the global economy. On account of its appeal to those looking for a low risk, high profit system, many get involved in the distribution of illegal goods through source countries including China and transit countries like Egypt and Singapore, with the help of typologies such as parallel trading. Unbeknownst to the common people is the economic, environmental, and health risks that this process produces. In the sale of counterfeit goods, criminals manage to bypass tax revenues, decrease employment opportunities, exploit labor through low wages, decrease company liability, and misuse ingredients in pharmaceuticals which ultimately lead to a variety of intellectual property violations.1 Ultimately, it is in the best interest of the public to identify the tactics used by criminals in an attempt to r epudiate detection, all while compromising company security and international, transborder authority. Belgium is currently a member of the European Union wherein goods traveling through borders are highly regulated according to the Customs Regulation. Nonetheless, Belgium’s central points of entry and concern include the harbours of Antwerp, Zeebrugge, andShow MoreRelatedLouis Vuitton Porters Five Forces Analysis1298 Words   |  6 PagesDescribed in this paper is Louis Vuitton’s (LV) evaluation of the external and the global environment of LV in Japan. We will discuss the remote, industry, and operating of the external environment along with the factors involved in the global environment utilizing the S.W.O.T., P.E.S.T.L.E., RVINE, and Porter’s Five Force analysis tools. Known as one of the oldest French luxury fashion houses, â€Å"Louis Vuitton†, an international, well-established brand most famous for its craftwork leather bags andRead MoreThe Effects Of Counterfeited Drugs On Pharmaceutical Companies1643 Words   |  7 PagesPharmaceutical Companies The market for counterfeit pharmaceuticals has grown exponentially in the last five years. According to an estimate published by the Center for Medicine in the Public Interest in the USA, â€Å"Worldwide sales of counterfeit medicines could top US$ 75 billion this year, a 90% rise in five years† (WHO, 2010). This massive rise has greatly affected pharmaceutical companies and law enforcement agencies. The data exposing the effects the counterfeit industry has on companies doesRead MoreLouis Vuitton Porters Five Forces Analysis1338 Words   |  6 PagesIntroduction Described in this paper is Louis Vuitton’s (LV) evaluation of the external and global environment of LV in Japan. We will discuss the remote, industry, and operating of the external environment along with the factors involved in the global environment utilizing the S.W.O.T., P.E.S.T.L.E., RVINE, and Porter’s Five Force analysis tools. Known as one of the oldest French luxury fashion houses, â€Å"Louis Vuitton†, an international, well-established brand mostly famous for its craftwork leatherRead MoreApple Product For The Chinese Market Essay1131 Words   |  5 Pagesannounced that Apple was entering into the China market, and opened an office in Beijing. On that time, CEO Spindler set an ambitious goal to reach a 15-16% share of the China PC market by 2000. 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