Wal-Mart’s expansion into Mexico continues

Political strategist James Carville said it best when he helped coin the phrase “It’s the economy stupid” during Bill Clinton’s 1992 presidential campaign. That saying is fitting in describing how retailing giant Wal-Mart is enjoying success in Mexico despite criticism. Wal-Mart has become Mexico’s largest employer, and February sales skyrocketed due to price cuts on basic goods. The bottom line for Mexican consumers is that they want to buy cheap goods regardless of criticism related to the environment or globalization.

It really is all about “the economy, stupid” (except, perhaps, if you work for Wal-Mart).

Links- Wikipedia, Wal-Mart Watch Blog, azcentral.com, The Latin Americanist, Reuters, BBC News, SignonSanDiego.com, CNN

Image- El Universal