Into the Wal-mart ecosys­tem

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Ti­tle: The Wal-mart Ef­fect Au­thor: Charles Fish­man Pub­lisher: Pen­guin Books (2006) Pages: 352 Price: $6.95

The Wal-Mart Ef­fect is now taken as an ex­pres­sion rep­re­sent­ing ef­fects like forc­ing lo­cal com­peti­tors out of busi­ness, driv­ing down wages and keep­ing in­fla­tion low and pro­duc­tiv­ity high. Prices of­fered at Wal-Mart are gen­er­ally lower than other stores, and there­fore this pol­icy of “ev­ery­day low prices” has in­flu­enced the trend of im­port­ing from coun­tries like China and the re­sult­ing loss of man­u­fac­tur­ing jobs in the United States.

Be­fore the pub­li­ca­tion of this book, very lit­tle was known about the work­ings of Wal-Mart but au­thor Charles Fish­er­man has gone be­yond the se­cret lines to un­cover sto­ries about what makes the “Wal-mart ecosys­tem” tick. The main idea of the au­thor is that even if peo­ple do not pur­chase goods from Wal-Mart, they still ben­e­fit from the ef­fects the store chain has on the econ­omy

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