Piracy is a serious problem with which this country is confronted. In many places we see people peddling pirated books or disks. Actually, piracy has become so widespread that it has severely hindered the development of the nation’s economy.

A number of factors account for the problem, but the following are the most critical ones. First, pirated products are much cheaper than copyrighted ones, so they are very attractive to people, especially youngsters, who are not financially well-off. Secondly, with highly developed technology, it is not difficult to manufacture pirated products. With one authorized copy, the illegal producers can make thousands of fake ones at a very low cost, thus making huge profits.

As a result, intellectual property rights are severely infringed upon. Honest producers will lose the motivation to develop new products. Meanwhile, pirated products are often of low quality, thus damaging the interest of buyers.

In view of the seriousness of the problem, it is essential that laws and regulations be formulated and enforced to ban the manufacture and circulation of pirated products. Meanwhile, people should be educated to say no to these products. With these measures taken, we have reasons to believe that the problem can be solved in the near future.