Write 8 pages with APA style on Http://www.nytimes.com/2007/06/19/business/worldbusiness/19toys.html Evaluate this statement and discuss the challenges that dev.

Write 8 pages with APA style on Http://www.nytimes.com/2007/06/19/business/worldbusiness/19toys.html Evaluate this statement and discuss the challenges that dev. Other toys were also recalled due to chocking hazards. Although china government auditing agency claimed that the toys distributed indicated some warning signs on the toys like, “small parts that could be swallowed or sharp edges that could cut a child”, however, according to New York Times, most of these toys exported from china, don’t include their brand name and are sold at fair prices (Barboza, 2007). This remains a major concern among parents regarding the safety of their children. The matter of safety is very important to everyone. Though china produces among the best toys in the world in a relevant fair price, the safety issue should not be compromised. Incase of any incidents or accidents, the ones who are affected the most are parents. Chocking is common in children whatever the cause, therefore, it is important for such companies to be held liable for their mistakes until they meet the required safety standards. According to the New York time, it seemed like most of the workers in the toy producing company had no idea that the paint used to spray the toys included lead in them (Barboza, 2007). Toys are play items intended not only for enjoyment, but also creativity and intellectual development of children. However, if the toys prove to be a danger than a friend, this may create confusion for children. The toy companies may also experience huge losses than profits, if the toys are recalled frequently. When the toys are returned to their manufactures, for instance the china companies, it only means that all the labor that had been put to place is in vain. The capital that was also involved in the manufacturing could yield no returns at all. Therefore, companies involved have to re-manufacture such toys with the right materials in place, thus leading to excess un-accounted for expenses. In the case of Thomas and friends’ toy company, failure to meet the safety standards could risk loosing its market abroad and also huge profits. In most cases, the worst that could happen to such companies is having their licenses revoked as an act of discipline. Some of the factors that lead to such serious health hazards in some companies could be lack of the right personnel with the right skills and the urge to make fast cash. Challenges that developing countries face in trade in a globalized world. The developing countries are those that are not fully developed in terms of technology, and have a low level of economic development. According to Morton (1997 pp15), “developing countries are differentiated from the developed countries in terms of the high levels of mal-nutrition, illiteracy, disease and poverty, within their borders.” However, a globalised world involves an economy that is very competitive, due to technology advancements. Nevertheless, one of the major problem that affect developing countries is lack of product diversification, and probable too much focus on one or two goods for export. This may be a major blow for these countries, just incase the two goods don’t perform well in some countries, and then they end up with losses. Another issue that arises from this factor is that the developed countries choose from which country they want to import from, thus, they harbor a lot of power in setting prices for these goods.