Final answer:
Globalization and technological advancements have driven changes in global retail, led by the expansion of multinational corporations like Walmart and McDonald's and influenced by the stage of economic development in various countries.
Step-by-step explanation:
The rate of change in retailing around the world can be largely attributed to factors such as globalization, technology advancements, and the economic development of countries. Notably, companies like Walmart and fast-food franchises like McDonald's have significantly contributed to shaping retail trends and consumer behaviors internationally. Their expansion has facilitated the standardization and accessibility of products globally, though this has also led to concerns about cultural homogenization and local economic impacts. Meanwhile, the adoption of new retail formats such as discount stores and warehouse clubs, alongside the rise in business-to-business e-commerce platforms, has further accelerated retail evolution and increased competition.
The rate of change in retailing around the world appears to be directly related to several factors. Firstly, the internationalization of U.S. franchises such as McDonald's has played a significant role. These franchises have expanded globally, bringing a standardized retail format and consumer experience to different countries. Secondly, the internationalization of Walmart has also impacted retailing globally. With its presence in over 100 countries, Walmart has influenced the retail landscape in terms of supply chain management, pricing strategies, and market competition. Thirdly, the stage and speed of economic development in the countries concerned also affect the rate of change in retailing. As countries experience growth and development, their retail industry evolves to meet the changing consumer demands and preferences.