CSR News Stories
The International Council of Toy Industries is to begin inspecting factories, mostly amongst the 10,000 factories in China, to ensure they meet health, labour and safety codes.
Littlewoods and Argos, two of the major UK retailers, have been hit with record fines by the Office of Fair Trading after toymaker Hasbro blew the whistle on a cartel in which it was itself involved.
The international toy industry has agreed to introduce tough new standards to stop sweatshop labour conditions.
New research has suggested that the 10 year campaign to improve workers conditions in the toy industry of China has barely begun to have an impact.
Hasbro Inc has been fined a record $7.7m by the UK's Office of Fair Trading for preventing distributors from selling its toys and games below prices fixed by the company.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.