LHDD-Global+Interdependence

= = ~__The World is Flat__
 * "If Wal-Mart were an individual economy, it would rank as China's eighth-biggest trading partner, ahead of Russia, Australia, and Canada."**

Walmart has an extreme influence on the global economy. China alone contains nearly half of all Walmart suppliers in the world. Since Walmart is both the largest company in the entire world and the largest company in the //history// of the entire world, China's economy definitely depends on the success of Walmarts everywhere. After all, 18 billion dollars are spent annually in China on Walmart products.

The Walmart Effect:
With such a large company like Walmart, small decisions can have drastic consequences. For example, minor changes in price end up saving or spending millions upon millions of dollars when so many people buy each day. The decisions of what products to sell indirectly affect the jobs of those who made the product, whether for the good or worse. However, studies have shown drastic changes in the local economies where Walmarts are established. Almost like a monopoly, Walmart attracts consumers away from the local entrepreneurs in the area. This cycle of events is often referred to as, //"The Walmart Effect."//

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