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Counterfeiting and Globalization

Can you please provide some assistance with the following?

1. Describe how some of the benefits of globalization have actually hurt businesses whose products are widely integrated in international markets. Do you think globalization itself will sustain the problem of counterfeits?

2. Do you think companies can immunize themselves from the threat of counterfeits? Why or why not? If so, how?

Solution Preview

1. Globalization is a tough issue because the advantages and disadvantages become blurry. On one side, we have numerous advantages, like increased global production and an increased economic state. However, as globalization takes over, we also see the ways that benefits can actually hurt. Globalization can decrease domestic production, which hurts the domestic economy. If I am in country X and find that I can import a certain product for a reduced price, I will allow more imports into my country. This will hurt domestic production of the same good and will hurt my domestic economy even though I am importing it and selling it for cheaper on my ...

Solution Summary

This solution describes how the benefits of globalization have hurt businesses in cases where the products are widely integrated in international markets. This solution also discusses if companies can immunize themselves from the threat of counterfeits.

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