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Human trafficking is 3rd largest global crime enterprise, exceded only by drug and arms trafficking, as many of you have heard over and over again " We have some very basic statistic on human trafficking". We've looked at this mainly as a law enforcement issue and as a human rights issue. But it is also an industry. By some estimates, the industry is growing, and the worldwide illegitimate gain from industry is as high as $ 32 billion per year. I think that this topic is relevant to this week "development" topic because it is one of the main worldwide crime, and governments all over the world should be fighting against it and it is one thing to develop.

In this article BBC special correspondent Tom Feilden 'looks at the reasons why the era of cheap food is coming to an end'. The article describes how the prices of basic foodstuffs around the world are rising at a rapid rate. It explains that a population boom and economic growth created a new middle class which drastically increased food consumption. This excess demand over supply has therefore hiked up food prices considerably.

Japan has fought off the hard economic struggles after WWII, and seemed to finally achieve economic stability after twenty years of hardship........until the economic crisis hit worldwide and paradise lost. Wages began to fall at the nation-level even before the crisis hit Japan because the workforce shifted from well-paid elderlies to underpaid yougnsters. Because of this, Japanese consumerism seems to have changed - people are suddenly more thrifty. The firms have to fight for a better deal against other firms under the competition.

The price controls implemented on products like seamless steel pipes have caused a glitch in fair trade worldwide. As a result, imports from China have surged and domestic producers have accused the Chinese government of setting unfairly low prices. Another problem undergoing scrutiny is whether or not Beijing has been manipulating its currency.

Japanese woman were one the of "the world's biggest spender on luxury product" and they would happily part with a month's rent or even salary for designers handbangs, scarfs, clothes, and shoes. However, the economic downtown caused by the worldwide crisis has brought wages into a 15 months fall and unemployment rate to exceed 5%. Luxury brands are goods that are heavily effected by the overall health of the economy and the wages of the consumers