Table of Contents

Handbook of the International Political Economy of Production

Handbook of the International Political Economy of Production

Handbooks of Research on International Political Economy series

Edited by Kees van der Pijl

This Handbook provides a state-of-the-art overview of the changing world of global production. Chapters cover the geography of why and where jobs are moving in both manufacturing and services. The authors discuss topics relating to the human and natural basis on which production rests, from the consequences of exploitation and marginalization on body and mind, to sex work, biotechnology, and the prospects for ecological re-balancing. This Handbook will appeal to academics at all levels interested in political economy, international studies and politics, as well as trade unionists and NGO activists.

Chapter 9: Encumbered behemoth: Wal-Mart, differential accumulation and international retail restructuring

Joseph Baines

Subjects: economics and finance, political economy, politics and public policy, political economy, social policy and sociology, labour policy


Wal-Mart is a behemoth. The retail giant has garnered greater annual revenues than any other firm for seven of the last ten years. And with 2.2 million employees, it has about as many people in uniform as the People’s Liberation Army of China. The enormity of Wal-Mart’s operations has made the company the focus of much attention from journalists and scholars alike. In particular, the social effects of its model of ‘everyday low prices’, in which very cheap products are sold in very high volumes, have been hotly debated. Economic geographers, labour historians, business analysts, neoclassical economists and sociologists have all weighed in on the discussions (cf. Basker 2007; Bianco 2006; Gereffi and Christian 2009; Lichtenstein 2006). While some have pointed to the savings that Wal-Mart offers to cash-strapped consumers, others have sought to highlight the deleterious effects Wal-Mart’s cost-cutting strategies have on its own employees, on local communities and on the workers that toil in sweatshop conditions for Wal-Mart’s suppliers.

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