By bribing officials, Walmart was able to outpace its competitors, opening new stores so fast they had no time to react. In just a few years, Walmart came out of nowhere to dominate the Mexican economy. But, as any athlete or other competitor knows, if you’re caught cheating your way to a win, then you most certainly do not get to keep the prize. Continue reading
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Business Forum: NAFTA helped increase flow of illegal immigrants by David Morris Originally published in the Minneapolis Star Tribune, May 7, 2006 The debate about illegal immigration rarely mentions the North American Free Trade Agreement, known as NAFTA. That’s regrettable, since the flood of illegal Mexicans in 2006 empirically challenges the philosophy that guided NAFTA’s… Continue reading
A citizens group has filed legal appeals and staged demonstrations in an attempt to stop Wal-Mart from building a megastore near the ancient pyramids of Teotihuacan, about 30 miles northeast of Mexico City. The massive store, which would carry the logo of Bodega Aurrera, one of Wal-Mart’s Mexican subsidiaries, would be visible from the top of the Pyramid of the Sun, the largest Pre-Columbian stone pyramid in the Western Hemisphere. Continue reading
After a ten-month investigation of Wal-Mart, Mexican antitrust officials have imposed a code of conduct on the company and other large supermarket chains.
The Mexican Federal Competition Commission (CFC) launched the investigation last May to determine whether Wal-Mart was using its market power to pressure suppliers into providing prices substantially lower than those available to other retailers (after accounting for reasonable volume discounts).
Residents of Oaxaca, a city in southern Mexico, are handing out free tamales by the thousands in an effort to stop a McDonald’s from opening in a 500-year-old plaza at the center of town. News of the company’s plans surfaced in May. Since then, opponents have been holding rallies with free food to highlight the importance of local cuisine and build opposition to the McDonald’s.
In late May, Mexico’s antitrust agency, the Federal Competition Commission, opened an investigation into Wal-Mart for "monopolistic practices." The action was prompted by charges that Wal-Mart has abused its market power by pressuring suppliers to sell goods below cost or at prices substantially lower than those available to other retailers (even after accounting for reasonable volume discounts).
NAFTA: A Clear Failure of Public Policy by David Morris March 11, 1996 A little over two years ago the North American Free Trade Agreement (NAFTA) went into effect. NAFTA constituted an unprecedented experiment in social and economic policy. Never before had two nations with such unequal economies been so forcibly integrated. NAFTA opponents forecast… Continue reading