Final answer:
Walmart was established in rural Arkansas and has grown to become the world's largest corporation, impacting global retail trade and local economies significantly.
Step-by-step explanation:
Walmart was initially established in rural Arkansas before it spread all over the world. It had humble beginnings, but over time it has grown to become the world's largest corporation, influencing retail trade and shaping cultural attitudes and fashions on an international scale. Walmart's presence has been so significant that the term 'Wal-Martization' has been used to describe its effect on local economies and the retail sector. Despite its economic power, Walmart has also been involved in controversies, particularly concerning labor practices and the impact on small, locally owned businesses.