Description
The authors analyze the best available economic data and conclude that American consumers_particularly the less affluent_have benefited tremendously from Wal-Mart's 'everyday low prices.'
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Vedder (economics, Ohio U.) and Cox (an international public policy consultant) argue that Wal-Mart and other so-called "big box" stores have had generally positive economic effects for the American population and increasingly for the rest of the world as well. They point to customer savings, comparable market wages, expanded consumer choice, and expanded employment as primary effects of the "Wal-Mart Revolution." They further dismiss criticisms of Wal-Mart's role in encouraging urban sprawl, support Wal-Mart's entry into banking, and argue against most (if not all) policy recommendations of Wal-Mart's critics. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)
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