Read the discussion question given below and give appropriate answers. In some technological advanced nations, a number of industries that have found themselves restricted by safety regulations have resorted to dumping their products on --- or moving their production processes to – less developed countries where higher risks are tolerated. Examples are the dumping of unsafe or ineffective drugs on third world countries by pharmaceutical companies from highly industrialized countries, and in the past transfer of asbestos processing from the United States to Mexico. More recently, toxic wastes from lead acid batteries to nuclear wastes have been added to the list of “exports”. To what extent do differences in perception of risk justify the transfer of such merchandise and production processes to other countries? Is this an activity that can or should be regulated?

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Perception of risk can be basically defined as the subjective judgement of different people that they use about characterizing the level of risk or how severe the risk can be Perception of risk is qui... View the full answer