Xuan-Thao Nguyen and Maxim H. Waldbaum, Using Creativity to Fight a $60 Billion Consumer Problem—Counterfeit Goods, 10 Loy. Consumer L. Rev. 88 (1998), https://digitalcommons.law.uw.edu/faculty-articles/903
For centuries, consumers have been willing to pay exorbitant prices for unique or premiumquality goods. Throughout the evolution of the "designer label" market, counterfeiters have lurked in the shadows of the economic landscape. Thus, the problem of counterfeit goods represents nothing new in the global economy.