LABRST 4H03 Lecture Notes - Lecture 7: Efficiency Ratio, Walmart, Free Trade
31 Oct 2018
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Reading 2: the impacts of wal-mart: the rise and consequences of the world"s. Dominant retailer - gary gereffi & michelle christian. Wal-mart illustrates how corporate giants impact the global economy through the growth of trade, foreign direct investment and the neoliberal agenda of economic deregulation (which has repercussions on wages, labor relations and communities globally) (page 575) In 2008, wal-mart had global net sales of billion, over 2 million employees and 60,000 suppliers located in more than 55 countries. Committed to low prices and business efficiency, mediated by a technology driven supply- chain management and corporate culture. Cut costs to the bone and keep cutting so you can offer the lowest price . Wal-mart has pushed for trade liberalization to ensure a steady stream of imports. As wal-mart grew, it became a dominant business negotiator, demanding tax breaks, infrastructure improvements and zoning changes from localities (578)
