Hong Kong – A new report released indicates that the global economic value of counterfeiting and piracy could reach US$2.3 trillion by 2022. Titled, The Economic Impacts of Counterfeiting and Piracy, the report 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 US $1.9 trillion by 2022. Taken together, the negative impacts of … [Read more...] about Global impacts of counterfeiting and piracy