Ethical Trading - Who Says How A Company Should Trade Ethically?

The truth of the matter is that there is no regulatoryfound to be stitching footballs in their village homes.
body and therefore no set of legal rulesThe world's press descended upon the region and
Many countries are happy to ignore blatant exampleswithin days all production had stopped with orders
of terrible working conditions, even some who havecancelled and manufacturers shut down. Whilst all the
laws against such practises. Corruption is endemic indeveloping nations went home patting themselves on
many places around the globe and not just inthe back for doing such a great job the families whose
underdeveloped nations, ethical trading is not confinedentire livelihood depended upon this work began to
to the factories and sweatshops, there is as much of itstarve. Even today some 10 years after this event
going on in the boardrooms and offices as there is onthere are still stories in the press relating to the same
the factory floor.products in the same regions. This perfectly
A company that decides to pay a bribe to win ademonstrates the need for co ordinated action to be
contract is as unethical as the workshop owner whotaken to help factory and farm owners in assisting
employs child labour. In general it is fair to say that thethem towards improving the conditions under which
more developed a nation is, the more likely it is thatworkers carry out their duties rather than depriving
their standards in relation to working practices will bethem of an income.
higher. Although it is certainly not unheard of for storiesCurrently there are not many good sources of
to appear from some very developed nations ininformation relating to Ethical trading. Some city
relation to poor working conditions. The degree ofcompanies offer Ethical Investment Funds and the
ethics is also in question. Is it fair to impose the rulesEconomic & Social Research Society have been
and regulations of developed nations onto thoseawarded funds to investigate the subject of ethical
countries who cannot ever hope to attain thetrading. The Ethical Trading Initiative (ETI)is one of the
standards and wealth that other countries enjoy?very few good sources of information for those who
In the 1990's a story broke regarding the manufacturewant to learn about trading ethically.
of leather footballs in India where young children were