The European Union also has its own version for corporate social responsibility. (Landau, 85) Thus the U.S. polity was forced to adapt international opinions and legislate both for the external and internal aspects of its economy. Human rights, labor laws and a host of international issues like global warming and the use of chemicals were all reflected in amendments of the local laws while some of the issues like terrorism and nuclear proliferation have conversely changed the international conventions as per the dictates of the U.S. policies. International accounting practices which has undergone more transparency checks is one such result.

Financial Responsibilities

Earlier in the divided world, the international trade related to trade surplus, and the maximization of foreign exchange. International financial responsibility is a result of the changes that came about in the world in the later part of this century, and the impact of financial decisions both of...
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