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The fifth Annual Concordia Summit will focus on Labor Trafficking…
The Summit in New York City, will explore solutions involving global challenges and public-private partnerships. Many of the discussions focused on labor trafficking and the estimated 20.9 million human trafficking victims worldwide. It is estimated that most–68%–are victims of forced labor. Much profit is gained in this crime and at low risk. There were surprisingly only 4,443 global convictions last year.
When hard times hit, taking out a loan is standard to help bridge the gap. But for many living in Vietnam, the BBC reports that debt can become a pipeline to modern slavery. When no good loan options exist, people turn to loan sharks who charge high interest rates. These unscrupulous lenders are working together with traffickers. When the loan comes due, if they can’t pay, they or their family members find themselves fast-tracked to modern slavery.
| Thursday March 6, 2025
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