12 Mar
Source | dailylivenews.livejournal.com
A practice that involves the reproduction or unauthorized use of some other creator’s work is considered piracy- an act that many of us are accustomed to without being fully aware of the consequences it entails.
Unfortunately, the various forms of plagiarism have become extremely common among people and have made many people doubt the negative factors surrounding piracy practices. When in reality, there are several pieces of evidence present that state otherwise.
For years now, criminal networks have been thriving by reproducing, selling, or trading pirated and counterfeited goods- which has been heavily affecting the economy towards a negative spectrum. The reason being is because these products are not even the real thing and can hence cause a myriad of safety risks, which can often end up being life-threatening, especially when it comes to food items, pharmaceutical and cosmetic products, and medical equipment.
In fact, according to the International Chamber of Commerce, it was estimated that the value of domestic and international trade regarding pirated and counterfeited goods in 2013 was about $710 to $917 billion. Additionally, it was also reported that the global value of digital piracy found in music, software, and movies was around $213 billion in 2013.
The common use of pirated goods has resulted in the consumer market to divide into two- one that believes that they are purchasing a genuine product while the other being well aware that they are buying pirated and counterfeited items. Those who are aware of the fake products usually buy them to attain a better deal for them in their respective market. Consequently, half of the economy is deceived into buying pirated products. In contrast, those who are more knowledgeable about fake items are less inclined to buy particular products that they believe are not genuine.
Moreover, it isn’t just the consumers who are getting harmed. Piracy has created many problems that have threatened the jobs of many middle-class workers and deliver a huge blow to some of the most creative individuals, entrepreneurs, or innovative organizations who are deprived of receiving credits for their unique creations.
Moreover, keeping in mind our econometric model, the ICC reports that the changing impact regarding the intensity of piracy and counterfeiting on economic growth has forecasted a percentage point reduction, which would be worth around $30 billion to $54 billion for 35 OECD countries in 2017.
On a more positive note, many organizations and policymakers are starting to notice the negative effects being implemented on the economy and have started to take action in order to reduce these disturbing impacts.
Shield Consultancy, founded by Moataz O Saleh, is one of the leading companies that specialize in a large range of business consultancy matters and technological information services that include digital reputation management, digital anti-piracy and design services, removal of content, cybersecurity investigation, and many more.
Shield Consultancy has been a major driving force behind empowering its clients with the information and knowledge to become aware of various aspects regarding piracy while also providing its consultancy services to industrial establishments, agencies based on scientific research, major trading organizations, and other diverse industries within the professional sector.
