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Indentured Servitude: Wal Mart's Relationship With China

1519 words - 6 pages

The four main economic activities are: Industry, agriculture, science, and defense. Industry is the manufacturing of goods, such as in a factory. Agriculture is the growing of food, such as rice farms. Science is making technological advancements, such as discovering new vaccines. Defense (in this sense) is the military, pouring money and manpower into strengthening the military instead of using that capital for other things. China's economy is based on manufacturing, because China has such a large poor population and a structured economy.
Geographical division of labor is the concept that labor can be divided according to geographical concepts. For example: land locked countries generally don't export goods overseas as well as countries with a large coastline; countries without large bodies of water can't export fish; countries that have small populations and large oil deposits are likely to make oil their main export; countries with large coastlines, low value on human rights, an overcrowded population, and a poor population are likely to engage in low cost mass manufacturing.
Newly industrialized countries are countries that have left third world country classification but have yet to reach first world country status. China is an example of a newly industrialized country, it's still heavily dependent on manufacturing (which makes it dependent on other countries), it has poor human rights records, and is overcrowded and poor, but it has been seeing growth towards the goal of becoming a first world country. China's industry is significantly based on: counterfeit goods, automobiles, and other manufacturing.
The article alleges that the 5 principles Wal-Mart was founded on are: conservatism, idealized views of family and community, and the principles of hard work, frugality, and competitiveness. NIMBY stands for “not in my backyard”. The idea is that while a neighborhood may not be able to stop all things they dislike, they can at least keep the bad things out of their neighborhood. NIMBY in this case refers to the fact that many people dislike Wal-Mart (or what it stands for) and are able to keep them away. Some people take a moral principled stand against what they perceive as unethical business practices, some people have a more pragmatic stance against the negative impact a Wal-Mart has on an economy (both a demoralizing effect on small business, as well as business practices that make the government subsidize wages, healthcare, etc), and some people would rather not have a mega-store catering to low-earners in their neighborhood.
A “big box” store is different from other retail stores in several ways. Retail stores typically carry only one type of good, a big box store generally carries everything from furniture to groceries to electronics to clothing. A big box store is typically a very large chain of stores; retail stores can be as small as a single store. A big box store is rarely unionized, for the simple reason that employees...

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