Business Ethics; Multinational Companies and child labour Essay

Business Ethics; Multinational Companies and child labour - Essay Example This change lowers the return to education and raises the opportunity cost of an education, thereby stimulating child labour†. According to the article 32 of The United Nations’ Convention on the Rights of the Child  in 1990, â€Å"the child to be protected from economic exploitation and from performing any work that is likely to be hazardous or to interfere with the childs education, or to be harmful to the childs health or physical, mental, spiritual, moral or social development† (All India council of human rights, n.d.). This report shall look into three core principles; 1)How child labour causes problems to the development of children? 2) Why organizations are keen in encouraging child labour? and 3)Why parents take child labour lightly? The case of Nike and Disney shall be discussed as case studies in conjunction with the child labour issue in this report since these companies have met with severe criticism related to its policies towards child labour in the past. â€Å"Nike has been accused of using child labour in the production of its soccer balls in Pakistan† (NIKE: Nike Shoes and Child Labor in Pakistan, n.d.). â€Å"Disneys best-selling  Cars  toys are being made in a factory in China that uses child labour and forces staff to do three times the amount of overtime allowed by law† (Disney, Mattel and Wal-mart toy-maker accused of child labour, 2013). All India council of human rights, N.d. Child labour laws and initiatives. [Online] Available at: http://www.humanrightscouncil.in/index.php/component/k2/item/124-child-labour-laws-and-initiatives [Accessed 20 January 2014] Brown, D.K., Deardorff, A.V. and Stern, R.M. 2002. The determinants of child labour: Theory And Evidence. [Online] Available at: http://www.fordschool.umich.edu/rsie/workingpapers/Papers476-500/r486.pdf [Accessed 20 January 2014] Disney, Mattel and Wal-mart toy-maker accused of