The analysis of counterfeits and their impact on countries’ development

Abstract

While the wealthy world hides its use of counterfeit, it is a part of a million people’s everyday life or a survival mechanism in underdeveloped nations. Counterfeiting brings in bad costs at different levels in different fields, but the terrible impact has spread in all directions. Counterfeiting severely harms the consumers’ health and, from there, affects the state of health and the function of a country... The community has habituated to living with counterfeits, and the effects are mostly ignored. Detecting counterfeits is difficult since the image is never straightforward and getting data to bring the awful effect to light is thus more difficult. Fighting counterfeiting necessitates governments enacting effective anti-counterfeit regulations, providing sufficient training to detect counterfeit items, and improving public awareness. Recently, thorough information regarding counterfeiting in many countries was gathered with the assistance of international organisations. From there, the unthinkable impact of counterfeiting on several countries, including Vietnam, became clear. And, as you can see, we are living in the so-called “The era of counterfeit”.