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Fake Goods, Real Money – The Counterfeiting Business and its Financial Management | Policy Press Scholarship Online
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Fake Goods, Real Money: The Counterfeiting Business and its Financial Management

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

Abstract

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 counterfeiting and piracy cost the global economy an estimated $1.77 trillion in 2015, which is nearly 10% of the global trade in merchandise. Much work and popular scrutiny has examined flows of counterfeit goods. However, there rema ... More

Keywords: counterfeiting, financial management, organised crime, fake, information and communication technologies, transnational crime

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9781447346968
Published to Policy Press Scholarship Online: January 2019 DOI:10.1332/policypress/9781447346968.001.0001

Authors

Affiliations are at time of print publication.

Georgios A. Antonopoulos, author
Teesside University

Alexandra Hall, author
Northumbria University

Joanna Large, author
University of Bristol

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