Economic and Financial Committee
The Economic and Financial Committee (ECOFIN) is the second General Assembly of the United Nations. This committee is tasked with exploring topics from economic policy and sustainable development, to the financial impacts of globalization and strategies for ending poverty.
A tax haven, such as the Cayman Islands, Swiss bank accounts, is any region where corporations or wealthy individuals can store their money to avoid higher taxes in their home country. This topic is multifaceted, with much controversy over whether these offshore accounts help or harm local and global economies, and how technology and international trade impact their use. Modern slavery is the second largest industry in the world, and encompasses any form of forced labour or forced marriage. it is greatly impacted by trends in globalization such as outsourcing and increased international travel, which can only be addressed on an international scale.