Has the finance industry become less efficient? Or Where is Wal-Mart when we need it?

Thomas Philippon 02 December 2011

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The role of the finance industry is to produce, trade, and settle financial contracts that can be used to pool funds, share risks, transfer resources, produce information, and provide incentives. Financial intermediaries are compensated for providing these services.

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Topics:  International finance Productivity and Innovation

Tags:  financial sector, efficiency, Wal-Mart

The two faces of Wal-Mart in Mexico

Leonardo Iacovone, Beata Javorcik, Wolfgang Keller, James R Tybout 20 August 2011

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Wal-Mart is a company that polarises. While there is much to be said about the low prices and extensive selection Wal-Mart offers its customers, its business model can be controversial (LA Times 2011). The US Supreme court has just heard a major sex discrimination lawsuit against the firm, and Wal-Mart is frequently in the news for its anti-union policies, its use of “sweatshop” suppliers abroad, and its impact on smaller retailers. Such controversies are not limited to the United States.

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Topics:  Global economy International trade

Tags:  globalisation, Mexico, Wal-Mart, deregulation

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