The Recent Surge in Counterfeit Bills Essay Example | Topics and Well Written Essays - 2500 words

The Recent Surge in Counterfeit Bills - Essay ExampleMotivated by these facts, there have been concerns to come up with becoming and effective measures that help in combating counterfeiting activities in a bid to protect the thrift, government, and consumers. Some of the ways identify in the following report that employed majorly the aspect of reassessing previous studies include implement of international policing agencies, anti-counterfeiting associations, and applications of technology. Examples of proficient applications used in fighting counterfeiting as identified in the following report include use of smart cards, biotechnology, chemical technologically developed inks, and use of optical technologies such(prenominal) as holograms. From the research, it is obvious that such actions and strategies have been fruitful in reducing the level of counterfeiting within American and other nations that have been adversely affected by the same criminal offences. In order to create an understanding of the aforementioned, the report has been change integrity into ledger entry, background information, purpose, scope, and methodology of the report. These sections have been very useful in providing a general overview of the topic as well as the method and scope use in carrying out the research. On the other hand, the caper and solution sections form the core basis of the study identifying impacts of counterfeiting and their possible solutions. ... No one can revoke that the problem of counterfeiting is an extraordinarily well defined one. Other than causing serious negative impacts on the economy of a nation, counterfeits reduce consumer confidence in respect to the products and money that they handle ( terrific & Hwang, 2009). According to the studies conducted by Alcock, Chen, Hui, and Hodson (2003), procession in counterfeits provides Americans with adequate reasons to come up with effective measures of dealing with the problem. One such measure is the introd uction of the Prioritizing Resources and Organization for Intellectual Property Act (PRO IP Act), anti-counterfeiting agencies, and employment of technologies that help in combating the same (Haie-Fayle & Wolfgang, 2007 August & Hwang, 2009). In addition, there are other technological measures and practices capable of assisting America and other global nations in combating the counterfeit crimes. Motivated by these facts, the following formal report outlines the ways through which existing/ gaudy technologies and practices can be employed in an effort to reduce the loss in consumer confidence that counterfeiting frequently induces. Even though the presented formal report will not have the effect of slowing or stopping counterfeiting, if implemented, it will have the effect of weakening the previously mentioned negative effects that counterfeiting wreaks on topical anesthetic businesses, individuals, and consumer confidence. In a bid to attain this objective, the following report p rovides background, purposes, scope, methodology, problem, solution, conclusions, and recommendations based on previous or secondary sources. Background Rise in counterfeiting