Monday, January 08, 2007

Books: The Wal-Mart effect

Charles Fishman's book The Wal-Mart effect has recently been translated into dutch. A perfect opportunity to read the book and write a review for De Standaard Letteren.

In Fishman's view, the "Wal-Mart effect" is double-edged. At first sight consumers benefit from the low prices Wal Mart offers, even if they don't shop at Wal-Mart. However, in the end it comes down to this: the only solution to keep prices low is moving production to low wage countries. And who is benefiting then?

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