Evaluation of the impact of Counterfeit Goods on Economic Security in Nairobi, County Kenya.

Abstract

The present study explored the multifaceted impact of counterfeit goods on economic security. The independent variable is security and dependent variable was counterfeit goods consequences. Counterfeit goods, driven by globalization and digital technology, have become a pervasive global challenge. The study adopted a mixed method methodology with a focus on both qualitative and quantitative approaches. The population constituted of 300 participants and the sampling techniques included probabilistic and non-probabilistic method. The sample included 171 participant driven by Yamane 1967 formula. The instrument for data collection included questionnaires and interview schedules. Data was analyzed by the use of SPSS 24 version and descriptive and inferential statistics were used in the study. Findings of the study is adjudged to contribute to security checks and interventions posed by counterfeit good. This included both economic, health and environmental perspectives of security as articulated by Buzan. The findings underscore the urgent need for interventions to address the environmental challenges associated with counterfeit trade in the region. In conclusion, the study highlights the multifaceted impact of counterfeit goods, emphasizing the importance of comprehensive strategies to mitigate these challenges. Strengthening legal frameworks and enforcement mechanisms, fostering international collaboration, and raising consumer awareness are recommended to combat counterfeit trade effectively. Additionally, promoting sustainable manufacturing practices and implementing ecofriendly materials can help minimize the environmental footprint of counterfeit production. Overall, addressing the environmental security implications of counterfeit goods is crucial for safeguarding the ecological integrity of Nairobi County and promoting sustainable development in the region.