Think Globally, Act Locally: Shop at Wal-Mart | Organizations and Markets

Think Globally, Act Locally: Shop at Wal-Mart

22 August 2006 at 2:36 pm Peter G. Klein Leave a comment

| Peter Klein |

Michael Strong, who heads the FLOW project, explains:

Between 1990 and 2002 more than 174 million people escaped poverty in China, about 1.2 million per month. With an estimated $23 billion in Chinese exports in 2005 (out of a total of $713 billion in manufacturing exports), Wal-Mart might well be single-handedly responsible for bringing about 38,000 people out of poverty in China each month, about 460,000 per year.

Read the whole thing here. And get some of these cool wristbands from the Adam Smith Institute: “I buy goods from poorer countries.”

Entry filed under: - Klein -, Classical Liberalism.

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