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1. What are the positions large US retailers and large European retailers regarding their safety obligations toward Bangladesh clothing factories in the wake of unsafe conditions in the factories. Consider both ethical and practical concerns. First, provide a factual summary of the problem. Then address the issues. **(Hint) This question is related to the one or two of the New York Times articles that were assigned. (2. What is meant by the term “Race to the Bottom”? Apply the concept to clothing manufacturing in Bangla Desh, shoe manufacturing in Vietnam, and iPhone assembly in China. 3. Is executive pay too high in the United States? Is it an ethical issue or is it just a question of paying executives a market rate? 4. What are the major points made in the Economist article on inequality of income. Argue both in support of the Economist's position AND against the Economist's positio Can inequality of income be an incentive to economic growth? Consider the financial crisis of 2008 as expressed in the movie "Inside Job.” What: main reasons from an ethical perspective for the occurrence of this crisis?

Answer 1

Answer: 1. The concern with importing textiles from Bangladesh's garments factories is that the health conditions in there factories are low, and factory workers Salarico are not Equal to industrial Pay. For Most Bangladeph garments factores , Such Problems rage across the board, and the importers need immediate attention. Majol U.S se tailer somehow have laugs in place that prohibit them from abusing these plants and need to stick to the health Standards and provide the fact workers with Safe Wöiking conditions. On the other hand, though, European manufactures Yo not have such health commitments and the safe working conditions to factory Workers are given Marginal prisity. In ly view, legislation in this respect rest be stringent and must prohibit all major retailers from pluck Malpractice and have them invest in Employee's health and well-being there. CamScanner 1*111121 31 CS Scanned (vith