Recent Release | 27 Jun 2018
Combatting Illicit Trade
Thought Leadership Team
Oxford Economics
Illicit trade is a persistent and growing threat, as technology, the global economy and e-commerce open new opportunities for counterfeit products to infiltrate supply chains and provide consumers with illicit products. Many understand the risks—that illicit trade can cause serious public health issues, and that the proceeds from illicit sales fund other criminal activities. Others view some form of illicit trade as the soft underbelly of the global economy— the price to be paid for frictionless trade.
The research, carried out by Oxford Economics, seeks to understand this evolving issue—specifically, the attitudes and behaviours of those that influence the demand and the supply for illicit goods, so that illicit trade can be contained. Often, when considering how best to reduce illicit trade, the focus has centred on enforcement actions to curb supply without looking also at how to reduce the demand for illicit products through a better understanding of consumer behaviours.
Click here to read Combatting illicit trade: Consumer Motivations and Stakeholder Perspectives.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
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Diantha Redd
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