A more balance world economy will result of annual checks and balances. Corporations will take their social responsibilities and become involved in designing, monitoring, and implementing these checks and balances. Several corporations have already done so. Results will be taken into account in the evaluation of sustainable development. Corporations are required to expand their responsibilities to include human rights, the environment, community and family aspects, safe working conditions, fair wages and sustainable consumption aspects.
Global consumption is a very important aspect of globalization.
Consumers should be concerned with the impact of their decisions on the environment but also on the lives, human rights and well-being of other people. Just as corporations have social responsibilities and so do consumers in societies. Consumers are socialized to improve the quality of their lives. Quality of life is a multi-dimensional, complex and very subjective concept. For instance, someone who has changed their consumption habits to better ensure that their choices will make a better quality of life for themselves, the environment and future generations, may be seen by others as having a lower or inferior quality of life since they have removed themselves from the materialistic mainstream characteristic of our consumer society.