How is this so?In … This is not the way the world was meant to be. 66 (2011). This horrific act of modern-day slavery continues to thrive around the globe, due to the little risk involved and the enormous profits. Economic impacts Trafficking represents lost opportunities domestically, including an irretrievable loss of human resources and future productivity (US Department of State 2011). Children represent an estimated 26% of all forced labor victims. Fair competition can also be affected by traffickers investing in legitimate businesses to launder money and disguise their crime. Social inequalities, corruption and a demand for various forms of cheap labour in countries of destination facilitate the operation of such networks and devastate national economies. We know that forced labor and slavery have long been a part of our world history. Human smuggling and trafficking have become a world-wide industry, incorporating millions of people annually, and generating an annual turnover of billions of dollars. Facebook, “Demand is able to stay at current levels is because there are little to no risks deterring traffickers from selling and purchasing trafficked persons.” Human trafficking steers away from any moral, ethical, or cultural boundaries, but upholds more of an economic value and affects individuals all over the globe. They will also discuss the impact of trafficking in human beings on national and international economies and explore possibilities for future co-operation. Human trafficking is estimated to generate around $150 billion annually. The decreasing number of people participating in the legal market due to opportunities in illegal organ transactions disrupts the flow of money. The United States Victims of Trafficking and Violence Prevention Act of 2000 defines human trafficking as: (A) sex trafficking in which a commercial sex act is induced by force, fraud, or coercion, or in which the person induced to perform such act has not attained 18 years of age; or (B) the recruitment, harboring, transportation, provision, or obtaining of a person for labor or services, through the use of force, fraud, or coercion for the purpose of subjection to involuntary servitude, peonage, debt bondage, or slavery. In my previous article on how globalization affects the poor, I presented the positive and negative effects of globalization and showed how globalization can help a country lift its people out of poverty. However, the difference between the two, is those who are sexually trafficked are subjected to the same, constant injuries due to continuous prostitution for example. It targets vulnerable populations affected by war, poverty, and oppression. reCAPTCHA helps prevent automated form spam. It also reveals a huge increase in the intense exploitation of individuals. The power of the gospel must permeate their hearts to transform them from continuing on this evil path. In addition, the supply of trafficked individuals can be reduced by providing vulnerable populations with better economic opportunity and rule of law. 15 Wheaton et al., supra note 16. In human trafficking, the … God has created each person with immense worth, and human trafficking is a direct contradiction to God’s purpose for human life. Those who have truly experienced human trafficking are the ones who must cope with the majority of the social impacts. They educate people about the darkness of human trafficking. It is highly likely that the pandemic and the ensuing global economic consequences will only increase the pool of at-risk persons and the likelihood of their being deceived, exploited, and ultimately, trafficked in the mid-term. There are an estimated 35.9 million people held in slavery today. The Global impact of Human Trafficking Human trafficking is a global issue that receives very little attention throughout the modern world; this issue effects every country on the global and all different types of cultures. Human Trafficking generates a whopping US$ 31.6 billion in illicit profit worldwide, and a trafficker earns up to $250,000 per victim of the sex trade annually. Human trafficking is both a national issue and an economic issue. It is one of the fastest growing sources of income for organized crime, exceeded only by drugs and arms trade. Contact us today for a free legal consultation. 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