Wal-Mart, the world’s largest retailer, failed to capture the hearts of South Korean consumers, ultimately withdrawing in 2006 after eight years in the market. Although, it had achieved stunning successes in the U.S. and overseas, Wal-Mart was unable to apply its proven U.S. business model in...

In February 1987, the Government of Pakistan (GOP) abolished the wheat ration shop system. Started as a food rationing program during World War II in colonial India, it had degenerated by the 1980s into a wasteful corrupt system that failed to reach the poor. Why did it take so long for this...