WAL-MART’S BRIBERY IN MEXICO

This article highlights how Wal-Mart used bribery in Mexico. Wal-Mart saw Elda Pineda’s alfalfa field, a place next to the town’s main entrance and pyramids, as an ideal location as they predicted it would attract 250 customers per hour. However, the town’s elected leaders created a new zoning map which prohibited commercial development near the pyramids. A $52,000 bribe took place to overcome the obstacle. The zoning map doesn’t become effective until it’s been published and the bribe prevented this from happening. This violation affected traditional public markets, which ultimately drove to hunger strikes.

Wal-Mart has become a threat to local businesses and the entire community has been affected by it. It should relocate itself since it wouldn’t be much of a difference as it is most of people’s preference to shop at big companies. Mexico could create a slightly higher tax rate for international large retailers to support Mexico’s local businesses. This additional taxation would be for the purpose of providing resources to Mexicans living below the poverty rate. The government should expel the officials involved in the bribery and prevent this from happening again by enforcing anti-bribery policies.

http://www.nytimes.co\m/2012/12/18/business/walmart-bribes-teotihuacan.html?pagewanted=all&_r=0

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