Wal Mart |
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Wal Mart |
Jun 23 2009, 07:41 PM
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Group: Staff Alumni Posts: 7,019 Joined: May 2008 Member No: 653,768 |
Wal-Mart is often seen as a microcosm of the globalization process. Using its enormous retailing power it has been able to provide an array of consumer goods at rock bottom prices. However, it has also been widely criticized for paying low wages, a lack of adequate benefits, and driving small retailers out of business. So too, Globalization has been praised for lifting millions of people from poverty in China and India, but denounced for failing to improve the lot of most of the world’s poor, undermining living standards in developed countries as industries have migrated overseas to exploit low wage labor, and for unleashing industrial developments that have damaged the global environment. Do you believe that the impact of WalMart and the larger process of Globalization has been largely positive or negative?
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