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Tough competition: regulators look to crackdown on counterfeit goods as statistics rise.(credit column)

Business Credit

| April 01, 2008 | Barron, Jacob | COPYRIGHT 2008 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Those who frequent big cities have more than likely seen their fair share of counterfeit goods. On a number of New York City streets, it's possible that a resident or tourist could walk past several thousand dollars of counterfeit goods at any time of the day, whether it be "Prado" bags, "Row-lex" watches or "Foakley" sunglasses. Most consumers might look at these items as a minor nuisance or, in many cases, a good deal, despite the often shoddy workmanship and negative economic effects. For businesses, the issue isn't so simple and it could, in the future, become a great deal more complicated.

The market for global counterfeit goods has never been hotter, and ...

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