Wal-Mart to Spend $50 Billion on Products Made in America Essay

Wal-Mart to Spend $50 Billion on Products Made in America - Essay ExampleLocal manufacturers are superstar of the groups that stand to benefit from Wal-Marts decision to source goods in the United States. 1881 Mills is one such manufacturer that leave behind benefit from the extended arrive that it has struck with Wal-Mart. Suppliers dealing in highly-automated production are the other group that will benefit from Wal-Marts move. The public stands to benefit from the additional jobs that will be created by these local manufacturers and suppliers in order to meet Wal-Marts increased demand. The economy of the United States will benefit from the improved production that this move will bring (ABC News p3).Wal-Mart has an obligation to provide workers in China and other foreign markets who will be displayed by Wal-Marts new strategy with era to adjust and find other jobs. Corporate social responsibility would require that as an employer, Wal-Mart should factor in the welfare of the p eople who will be affect by any of its policy decisions and one such group of people are these workers. Wal-Mart should care not to terminate its foreign sourcing quickly because this would leave galore(postnominal) of these foreign workers jobless. This can occupy devastating effects on the lives of these workers and, by extension, the economies of their countries (ABC News p3).Wal-Marts decision to source more goods locally means it cleverness have to charge more for such products and this will have direct impacts on local consumers. This will dig deeper into my consumer surplus and I might have to consider get certain goods from other stores. I however have an ethical responsibility to buy U.S.-made products even if they cost more because this will offer to the growth of the economy of my home country. Ethical responsibility requires that as a consumer, I should go beyond caring for my personal financial wellbeing to considering how my buying patterns influences other peopl e