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The Causes and Consequences of Wal-Mart's Growth
Open accessAbstract
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.
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Citations
Cited by
The Diffusion of Wal-Mart and Economies of Density
(2011) · Econometrica · doi:10.3982/ecta7699 · Cited by 445
Evolution of retail formats: past, present, and future
Gauri, D. K., Jindal, R. P., Ratchford, B., Fox, E., Bhatnagar, A., Pandey, A., Navallo, J. R., Fogarty, J., Carr, S., & Howerton, E. (2021) · Journal of Retailing · doi:10.1016/j.jretai.2020.11.002 · Cited by 287
Labor Market Fluidity and Economic Performance
Davis, S., & Haltiwanger, J. (2014) · National Bureau of Economic Research · doi:10.3386/w20479 · Cited by 280
“Diverging Trends in National and Local Concentration”
Rossi-Hansberg, E., Sarte, P.-D., & Trachter, N. (2018) · doi:10.3386/w25066 · Cited by 90
Adolescence and the Path to Maturity in Global Retail
Bronnenberg, B. J., & Ellickson, P. B. (2015) · Journal of Economic Perspectives · doi:10.1257/jep.29.4.113 · Cited by 71
Metadata
- Authors
- Basker, E.
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 2007-07-01
- Volume
- 21
- Issue
- 3
- Pages
- 177-198
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W3121249633
- Cited by
- 291
- References
- 0
- FWCI
- 54.35
- Type
- journal article
- Language
- en
- Open access
- bronze
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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