Cathode Rays
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- Nov 3, 2011
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Plans for #Walmart in India fuel divisive #FDI debate - storyful
Many of those opposed to #FDI are linking to this 2003 article by Richard Freeman:
Global retail chains pushed for years to enter one of the world's fastest-growing retail markets and finally secured the breakthrough last week. The largest opposition party, the Bharatiya Janata Party (BJP), previously supported the opening of the Indian economy. Now, however, it is leading the opposition
Faced with claims that some $15-20 billion in FDI could flood into the country over the next 10 years and counter claims that small businesses will close, local TV networks posed the question: Do we need Walmart in India?
Cabinet clears 51% FDI in multi-brand retail - YouTube
Na hizi ni baadhi ya reactions za Wahindi wengi wakihofia madhara yatokanayo na investment za Walmart
Huku kwetu sijui hali ya Kilimo Kwanza na FDI ikoje....
A divisive row in India's parliament about opening up the retail sector to foreign investors, such as Walmart, spilled over onto Twitter on Tuesday. Many observers passionately argued in favour of the cabinet's decision to give global supermarket chains 51 per cent ownership, in the hope it will revolutionise the sector. But their opponents furiously argued that major retail chains will crush and close small shops and local businesses. The argument over Foreign Direct Investment (#FDI) been a contentious issue for years and is now dominating the Twitter chatter in India.
Many of those opposed to #FDI are linking to this 2003 article by Richard Freeman:
During the last 20 years, Wal-Mart has moved into communities and destroyed them, wiping out stores, slashing the tax base, and turning downtown areas into ghost-towns. This is accomplished through Wal-Mart's policy of paying workers below subsistence wages, and importing goods that have been produced under slave-labor conditions overseas. Often, communities will even give Wal-Mart tax incentives, for the right to be destroyed
Global retail chains pushed for years to enter one of the world's fastest-growing retail markets and finally secured the breakthrough last week. The largest opposition party, the Bharatiya Janata Party (BJP), previously supported the opening of the Indian economy. Now, however, it is leading the opposition
Faced with claims that some $15-20 billion in FDI could flood into the country over the next 10 years and counter claims that small businesses will close, local TV networks posed the question: Do we need Walmart in India?
Cabinet clears 51% FDI in multi-brand retail - YouTube
Na hizi ni baadhi ya reactions za Wahindi wengi wakihofia madhara yatokanayo na investment za Walmart
ranganaathan ranganaathan
After displacing 32 mill farmers? RT @NewIndianXpress: 'FDI in retail will create 10 million jobs?
navaneeth2310 Uma Bharati (BJP Party Leader): "I will burn down Walmart if it comes to India. Even Americans believe Walmart has robbed Americans." Priceless this lady
Huku kwetu sijui hali ya Kilimo Kwanza na FDI ikoje....