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Why Wal-Mart is in Trouble

Posted by on Apr 26, 2012 | 0 comments

Follow Email Wal-Mart is accused of having paid out over US $24 million in bribes to Mexican officials in order to acquire the over 2,000 stores located in Mexico. If true, Wal-Mart has violated the U.S. anti-bribery law, the Foreign Corrupt Practices Act (FCPA), which makes it illegal for U.S. persons to offer business bribes. A bribe is any offer to pay, promise to pay, or actual payment of money or anything of value to a foreign...

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Debt, Trade & Underdevelopment: Forgiveness is One of the Themes of the Season

Posted by on Dec 31, 2011 | 0 comments

Follow Email “Never in history have so many nations owed so much money with so little promise of repayment,” wrote Time Magazine in the mid-1980s. Total world debt soared from approximately $100 billion in the early 1970s to nearly $900 billion dollars by the mid-1980s. (Origins of the Debt Crisis) For the developing world as a whole, in 1991, the total external debt stood at 126.5 percent of its total exports of goods and services in...

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