This is AI generated summarization, which may have errors. For context, always refer to the full article. is a regional development bank that works “to eradicate extreme poverty.” Established in 1966, it is owned by 68 member-countries – 49 from Asia. It supports projects in developing member countries “that create economic and development impact.
A closer look, however, at the products on Dali’s shelves reveals a troubling fact that cannot be overlooked: the products sold in its stores are not just cheap – they are substandard knockoffs that flagrantly violate the intellectual property rights of established brands and companies. The possibility that these products could be as good as the originals is beside the point. Counterfeiting is stealing. Flouting IP laws is simply theft writ large.
Third, IP protection is essential for consumer trust. When consumers purchase a product, they need assurance that it meets the standards and quality associated with the brand. By riding on established brands, these fakes unfairly profit from the consumer trust earned by the original brands. What’s worse, if the fakes are poor copies of the originals, the latter must bear the consequences of their doppelgängers’ mediocrity.
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Source: MlaStandard - 🏆 20. / 55 Read more »