As globalization continues to be a driving force in the economy, many are becoming concerned about global working conditions and environmental policies. A group of business and advocacy leaders met recently to discuss this problem and developed a strategy that would make use of public scrutiny to encourage socially responsible corporate behavior. This would be achieved by requiring that companies disclose in their annual report accounts of social and environmental practices overseas. The hope is that if the American public can hold companies liable for their global practices, they will act more responsibly.
See "U.S. Urged to Monitor Global Labor Policies", David Brown, The Washington Post, January 11, 2004