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View Diary: Steel Executives Sentenced to Prison for Worker Deaths (92 comments)

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  •  An advantage of regulation... (14+ / 0-) that if governments in multiple countries were to impose uniform safety requirements, the cost of safety would no longer threaten to make some plants economically unviable.  After all, you'd be able to implement the safety requirements content in your knowledge that since your competitors must do the same, you're still on a level playing field.

    In order for this to work, however, you have to be willing to sanction products coming from countries that don't impose (and enforce) the minimum level of regulation.  That means either imposing substantial tariffs on products from non-comforming countries...or an outright ban on imports from those countries.  In the era of free trade kool-aid, that seems to be a tough sell.

    Political Compass: -6.75, -3.08

    by TexasTom on Sat Apr 16, 2011 at 08:41:34 AM PDT

    [ Parent ]

    •  I am all for international standards & regulations (0+ / 0-)

      In fact, I have had the priviledge to work in standards committees of two international standards organizations, IEC and ISO, the later of which is involved in industrial safety standards amoungst may other domains.

      Bans do not accomplish what you wish for a simple reason; they are punative and pit the interests of developed countries that have taken decades to improve their systems against undeveloped and developing countries which cannot accomplish in a day what others took decades to do.

      However, today, it is often developing countries which embrace these standards and, in fact, have often been early addaptors (particualrly ISO standards) as a means to improve themselves and to compete globally.

      But I'm curious, what standards would you propose to be imposed and how? When companies in developed countries fail (such as in the subject case of the disry, ie. a German company operating in Italy), how to deal with that?

      Note that most countries have thair own legal standards beyond international ones so how would you define "minimum standards" to be applied?

      I'm not sure free trade actualy exists (WTO and it's predecessor GATT have always been clubs dominated by developed countries much to their advantage) but the concept was certianly championed by the US and EU until recently.

      What about my Daughter's future?

      by koNko on Sun Apr 17, 2011 at 09:33:20 AM PDT

      [ Parent ]

      •  It would take a team of experts... (0+ / 0-)

        ...working full time for an extended period of time to come up with the answers to those questions.

        Needless to say, it's a bit beyond my scope.

        Political Compass: -6.75, -3.08

        by TexasTom on Mon Apr 18, 2011 at 05:28:08 AM PDT

        [ Parent ]

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