The Wal-Mart Way

A generation ago, they were the kings of corporate America, but over the past 25 years, American manufacturers have lost that position of power. Today, America's largest private sector employer is Wal-Mart, a retailer so large, it virtually dictates many decisions manufacturers make, and is pushing American production overseas.

The Wal-Mart/China "Joint Venture"

Last year, the U.S. trade deficit with China hit a record $120 billion. At least $15 billion in imports went to a single customer - Wal-Mart. As China strives to become the workshop of the modern world, it has found a powerful and unexpected ally in America's largest company.

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