Advanced Television

Global counterfeiting and piracy to reach $4.2 trillion

February 7, 2017

A report from Frontier Economics indicates that the global economic value of counterfeiting and piracy could reach $2.3 trillion (€2.15tn) by 2022. The report – Economic Impacts of Counterfeiting and Piracy – provides estimates on the wider social and economic impacts on displaced economic activity, investment, public fiscal losses and criminal enforcement, and concludes that these costs could reach an estimated $1.9 trillion by 2022. Taken together, the negative impacts of counterfeiting and piracy are projected to drain $4.2 trillion from the global economy and put 5.4 million legitimate jobs at risk by 2022.

The report was

This content is restricted to site members. If you are an existing user, please login. New users may register below.

Existing Users Log In
   
New User Registration
*Required field

Categories: Articles, Content, Markets, Piracy, Research