BERLIN – More than 70 economists have called on the German Government to pass supply chain laws in the current parliamentary term which would make German businesses responsible for environmental and social transgressions in global supply chains. The economists are also pushing the German government to push for stronger EU regulations on such issues.
In a joint letter, the economists argue for stronger legal regulation of human rights and ecological due diligence with regulatory and liability consequences. “All standard models of international trade state that positive welfare effects for all can only be achieved by preventing irresponsible business practices and compensating for losers of globalisation,” says the letter.
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