Wal-Mart is under attack--from labor unions, urban planners, globalization critics, and community activists. The company's detractors argue that Wal-Mart reduces living standards, hurts retail trade, causes unemployment, and relegates Third World workers to poverty. In the Wal-Mart Revolution, Richard Vedder and Wendell Cox examine Wal-Mart's true role in the economy. The authors look briefly at the history of retailing in America and the contributions made by James Penney and Frank Woolworth. Looking specifically at Wal-Mart, they review conditions before and after Wal-Mart entered a local market and look more broadly at Wal-Mart's impact on wages, productivity growth and inflation. Vedder and Cox show that the retailer has been a force for good.
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