How Walmart is Changing China

There were a couple of things that I found to be particularly interesting about this article. First, I thought that the relationship between rising interest in China and a decreasing interest in the United States was intriguing. Much of the distrust for Walmart in America is that a majority of their products come from China and local stores are not able to compete, but this same logic makes Walmart more appealing to the people of China. Not only are they getting more affordable prices, but they are also supporting their country at the same time. Additionally, I found the information that they are able to trust the food supply of Walmart much more than other places to also be interesting. That is a problem that Americans don't often have to worry about, so it was interesting to hear about it from someone else's perspective.

Multinational Firms have many impacts on a country's culture, but none more important than their impact on the quality of goods demanded in that country. For example, if higher quality products are demanded in one nation the firm participates in, then they must raise the quality of their product in that nation in order to compete. By the one nation demanding a higher quality good it corresponds with all of the other nations also receiving a higher quality product. This is apparent in China in how the population now prefers Walmart food over many of their local markets because of the quality and safety.

Two of the largest impacts of multinational firms reside in the fashion and food industries. Since multinational firms are forced to compete in many different areas this spreads the popular culture from these areas all over the world. This explains a lot of the restaurants we have in America that offer food from all over the world, as well as mega-malls that offer clothing styles that are popular here and also around the world.