Walmart’s business model compels it to create a deep mutual dependence with local suppliers, and as a result it has more touch points with locals than MNCs typically do.

沃尔玛的商业模式使得它与本地供应商建立了深入的互利依赖关系，结果是与当地人有了众多接触点，这通常是其他跨国公司所没有的。

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Critics of mutual banking argue that this reveals fundamental weaknesses in a model which was meant to prize conservatism.

互助银行业的批评家们指出，这一点揭示了一个被刻意用来鼓励保守主义的模型之根本弱点。

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Spencer's territorial-expansion model argues that states arise through a mutual-causal process involving simultaneous territorial expansion and bureaucratization.

斯宾塞的领土扩张模式主张国家是随着相互因果的进化而兴起的，这个过程包含了领土扩张和官僚化得同时性。

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Use our model portfolio of ten low-cost mutual funds and ETFs.

FORBES: Mutual Fund Survey

In this column, we feature model portfolios from prominent financial advisers who invest in mutual funds and exchange-traded funds.

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