Into the Wal-mart ecosystem
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