Response to “How Walmart is changing China” by Orville Schell

http://www.theatlantic.com/magazine/archive/2011/12/how-walmart-is-changing-china/8709/

1) Choose one passage from the reading that you found particularly interesting. Why was this interesting?
The passage that described the scenery of the orchards and the cropland was interesting. This was highly because the author mentioned about how Chinese people do business by telling a story about her family. Liu Mei stated that the business could be more profitable and efficient because in China, "such rags-to-riches stories are unusual."

2) Use examples from this reading to illustrate the interaction between multinational firms, economics, and culture. 
Walmart is a good example of interactions between firms and culture. The author explains the interactions between farmers in that the "retailer is better able to control the standards of food it advertises as green or organic." The buyer trusts Walmart that he or she will keep on buying products from there. This being said that people will go and buy products from places because it is convenient and cheap. 

3) Beyond the specifics of this article, what impact do multinational firms have on economics and culture? Have they had an impact on your country?
Different cultures can affect different standards of multinational firms. The culture can have an effect on pricing, products and distribution, meaning that "what goes up, must come down." Given the standards of reliability in markets, people are more willing to purchase goods from that place than other places. Yes,  multinational firms have benefited in my country as well because it is convenient to buy goods in high quality standards and also cheap too.