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Fake Goods, Real Money

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Fake Goods, Real Money

Georgios A. Antonopoulos, Alexandra Hall, Joanna Large, Anqi Shen, Michael Crang, and Michael Andrews

The trade in counterfeit goods is growing. Recent EU studies on Fast Moving Consumer Goods indicate that 6.5% of all sports(wear) goods, 7.8% of cosmetics and 12.7% of luggage/handbags sold in the EU are in some way counterfeit. The WTO has an oft-repeated estimate of 7% of all global commerce as counterfeit. The World Economic Forum goes further, suggesting that ... Read more


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