Why Wal-Mart is in Trouble

Posted by on Apr 26, 2012 | 0 comments

If you liked this post, please share or recommend! 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...

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

Posted by on Dec 31, 2011 | 0 comments

If you liked this post, please share or recommend! 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...

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