How Does Counterfeit Merchandise Impact The Economy

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What is Intellectual Property (IP) and how does counterfeit merchandise impact the U.S. economy? Intellectual property is anything created or invented by a person, a group, or government. The creation can be something tangible or intangible and does not necessarily need a commercial value. It may be a digital photograph an artist never intended to sale but is copyrighted for moral value and something to share. However, should someone use the digital photograph to make a profit, theft of intellectual property is committed. The impact of counterfeit merchandise basically steals the “American Dream” from the creator. Copying the invention is stealing an idea of another person or team. Taking credit for someone else work has never been lauded on an ethical standpoint. One example of impacting the the U.S. economy is the sales of counterfeit American apparel in other countries. Places …show more content…

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3) Explain the concept of "Smart Borders”. Smart Borders is a more effective and efficient concept securing border crossing by providing applicable assets and advanced technology. Moreover, Smart Border collaboration between the United States, Canada, and Mexico encourages information sharing and backwards compatible databases. This shared data ensures terrorists are known so if detected all three countries are informed.
4) How has the SMART Port Security, the SAFE Port Act, and the Small Vessel Security Strategy impacted port