The following article was written and published by the World Intellectual Property Review (WIPR) on March 15, 2017.
“In February Frontier Economics produced a report detailing the economic problems associated with counterfeiting and piracy. WIPR spoke to Amar Breckenridge, a manager at the company, to discuss the report’s findings and why they are useful.”
Here is a staggering quote, “By 2022, international trade in counterfeit and pirated goods will total $991 billion. Digital piracy of movies, music, and software will be worth between $384 and $856 billion. Legitimate economic activity valuing from $980 billion to $1.24 trillion will have been displaced.”
Disclaimer: IPPIBlog.com is offered as a service to the professional IP community. While every effort has been made to check information in this blog, we provide no guarantees or warranties, express or implied, with regard to content provided in IPPIBlog.com. We disclaim any and all liability and responsibility for the qualification or accuracy of representations made by the contributors or for any disputes that may arise. It is the responsibility of the readers to independently investigate and verify the credentials of such person and the accuracy and validity of the information provided by them. This blog is provided for general information purposes only and is not intended to provide legal or other professional advice.