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/lp/american-economic-association/the-causes-and-consequences-of-wal-mart-s-growth-41g9l2QQiE
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- Publisher
- American Economic Association
- Copyright
- Copyright © 2007 by the American Economic Association
- Subject
- Articles
- ISSN
- 0895-3309
- DOI
- 10.1257/jep.21.3.177
- Publisher site
- See Article on Publisher Site
Abstract
Abstract Wal-Mart is the largest retailer and the largest private employer in the United States. The competitive pressures created by large retailers have long been controversial, and Wal-Mart's growth has raised concerns about its economic impact on workers, communities, and competitors. This paper aims to dispel some of the myths regarding Wal-Mart and to replace them with a systematic accounting of what is known about Wal-Mart's impact on the U.S. and global economy. The paper begins by exploring the source of Wal-Mart's competitive advantage. It then examines some of the economic effects of Wal-Mart: how Wal-Mart stores affect local labor markets, consumer prices, product selection, local and global competitors, and suppliers. I then turn to Wal-Mart's interaction with public policy issues in matters of global trade as well as state and local legislation on wages, benefits, zoning, and subsidies.
Journal
Journal of Economic Perspectives – American Economic Association
Published: Aug 1, 2007