How does the international human trafficking impact global economies
Investigate the economic implications of international human trafficking.
- International human trafficking drains resources from both source and destination countries as criminal organizations profit from exploiting victims.
- It distorts labor markets by providing cheap, exploitable labor that undercuts legitimate businesses and drives down wages.
- Governments lose tax revenue as underground economies thrive on the proceeds of human trafficking activities.
- Global reputation and investment in countries where human trafficking is rampant can suffer, impacting foreign direct investment and tourism.
- Healthcare and social services are strained as victims require comprehensive support, adding to public expenses.
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11 months ago