Well I shall be describing the effects that Wal-Mart has on other countries and the positive and negative effects of globalization with Wal-Mart.
Wal-Mart's international operations currently comprise 4,263 stores and 660,000 workers in 15 countries outside the United States. There are wholly owned operations in Argentina, Brazil, Canada, and the UK. With 2.1 million employees worldwide, the company is the largest private employer in the US and Mexico, and one of the largest in Canada. In the financial year 2010, Wal-Mart's international division sales were $100 billion, or 24.7% of total sales.
Wal-Mart has operated in Canada since its acquisition of 122 stores comprising the Woolco division of Woolworth Canada, Inc in 1994. As of July 2010, it operates over 300 locations and employs 82,000 Canadians, with a local home office inMississauga, Ontario. Wal-Mart Canada's first three Super centers opened on November 8, 2006, in Hamilton, London, and Aurora, Ontario. The 100th Canadian Super center opened on July 10th, 2010, in Victoria, BC.
In June 2006, Wal-Mart was excluded from the investment portfolio of The Government Pension Fund of Norway, which held stock values of about US$ 430 million in the company, due to a social audit into alleged labor rights violations in the company's operations in the US and worldwide. Although Wal-Mart did not respond to questions from the fund's auditors, the company later claimed the decision "don't appear to be based on complete information".
In November 2006, Wal-Mart announced a joint venture with Bharti Enterprises to open retail stores in India. As foreign corporations are not allowed to directly enter the retail sector in India, Wal-Mart will operate through franchises and handle the wholesale end. The partnership will involve two joint ventures; Bharti will manage the front end involving opening of retail outlets, while Wal-Mart will take care of the back end, such as cold chains and logistics.
In 2008, Wal-Mart...