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Wal-Mart's Toy Standards Outpace Government's
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Wal-Mart Stores Inc., the world's largest toy seller, has ordered its suppliers to meet a new set of children's-product safety requirements by this fall that goes far beyond existing government regulations. The standards include strict limits for lead and a broad array of other heavy metals and chemicals that have been linked to various medical and developmental problems in children. ( Wall Street Journal [1], Wednesday)
The profit motive at work.
FEE Timely Classic
The Self-Interest of Self-Regulation [2] by J. Brian Phillips
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/wal-marts-toy-standards-outpace-governments/
URLs in this post:
[1] Wall Street Journal: http://online.wsj.com/article/SB121072388800090155.html?mod=hps_us_whats_news
[2] The Self-Interest of Self-Regulation: http://www.fee.org/Publications/the-Freeman/article.asp?aid=1434
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