Is Walmart good for American?
Frontline offers two harshly contrasting images: one of Circleville, Ohio, where the local TV manufacturing plant has closed down; the other -- a sea of high rises in the South China, Shenzhen. For Wal-Mart, China has become the cheapest, most reliable production platform in the world, the source of up to $25 billion in annual imports that help the company deliver everyday low prices to 100 million customers a week. But while some economists credit Wal-Mart's single-minded focus on low costs with helping contain U.S. inflation, others charge that the company is the main force driving the massive overseas shift to China in the production of American consumer goods, resulting in hundreds of thousands of lost jobs and a lower standard of living here at home
In the film “is Wal-Mart good for American?” Structural functionalism and social conflict theory can be used to study Wal-Mart.
Structural functionalism theory is a sociological theory that attempts to explain why society functions the way it does by focusing on the relationships between the various social institutions that make up society (e.g., government, law, education, religion,etc). For example, A basic flaw in the United States-China trade relationship is that we can afford to buy Chinese products, but they cannot afford to buy ours. Walmart is importing more China products, not American, because of cheaping in price and labor, but the will be the cause of many industry in United State may go bankrupts. Therefore, no more products that made in U.S.A still available in Wal-mart. The consumers like us have no choice and have to buy China’s products. Second, Wal-Mart has approximately 6,000 global suppliers; 80 percent of these are from China. This problem may lead to the unbalancing of trading in international economy. That will lead more people in United States get laying off because there are no more companies are...
Please join StudyMode to read the full document