"Lexus And The Olive Tree" By Thomas L. Friedman.

878 words - 4 pages

Book Review: The Lexus And The Olive TreeIf you want to understand the post-Cold War world, you have to start by understanding the new system that has succeeded it --- globalization. That is the premise of the book The Lexus and the Olive Tree by the New York Times foregin affairs columnist Thomas L. Friedman.The book is divided into three parts. Part One, "Seeing the System" explains the system of globalization and how much it differs from the system that preceeded it---Cold War. He explains that the driving force behind globalization is free market capitalism. The more you open your economy to market forces, free trade and competition, the more efficient and flourishing your economy will be. He mentions three important forces that are reposnsible for creating and sustaining globalization, which are, the democratization of technology, information and finance. To be successful in this economy, you have to decentralize and give more responsibilities to people so that they can react faster to changes.Due to the democratization of finance, anonymous investors around the world can invest their savings in various countries and companies around the world. This community of investors which Friedman calls the electronic herd, likes countries which have worn the Golden Straightjacket. By this he means counties which have made private sector the primary engine of economic growth, maintains a low rate of inflation, has small bureaucracy, has removed restrictions on foreign investment, promotes domestic competition etc.The second part of the book, "Plugging into the system", Friedman compares countries to a computer. He says that for successfully participating in globalization, a country should have the right hardware and the right software. The right hardware is free market economy and the right software includes banking laws, commercial laws, bankruptcy rules, independent central bank etc.Another term he introduces is "Globalution". This is the process by which the electronic herd uses its financial clout to bring about changes in the internal working of a country. This could be a simple as reducing corruption, bringing in more transparency and enforcing standards in accounting. As an example he gives the story of a Sri Lankan factory which manufactures textiles for Victoria's secret. Friedman was surprised not to see a sweatshop. Then the owner tells him that if he ran a sweatshop, then big brands would not buy from him. Besides quality and better price, global consumers are asking for better conditions for the workers as well. With Globalization each country has to think of itself as a publicy traded company.Then...

Find Another Essay On "Lexus and the olive tree" by Thomas L. Friedman.

The World is Flat by Thomas L. Friedman

1694 words - 7 pages costing the most money.” So are we willing to risk our health? Works Cited Courtney, Ross. "Grant to Advance Robot Project at WSU-Prosser." Yakima Herald Republic. Yakima Herald Republic, 30 Aug. 2013. Web. 22 Feb. 2014. Friedman, Thomas L. World Is Flat. New York: Picador, 2007. Print Wanner, Keith. "Integrator of new and used Robots for Industrial Automation." Advantages and Disadvantages of Automating with Industrial Robots. RobotWorx, 2005. Web. 23 Feb. 2014.

The Lexus And The Olive Trees

2326 words - 9 pages : The Lexus and The Olive Tree Summary: Opening Scene: The World Is Ten Years Old.      ' The trouble spread to one continent after another like a virus.'; USA Today On December 8, 1997, the government of Thailand shut down 56 of their countries finance houses. These finance houses borrowed heavily in U.S. dollars and lent those dollars out to Thai businesses for the building of hotels, office blocks, luxury

The lexus and the olive trees

2341 words - 9 pages world. Keeping both the olive tree and the Lexus in balance is a constant struggle.Chapter 3: And the Walls Came Tumbling Down: There's now just the Fast World - the world of the wide open plain - and the slow world - the world of those who either fall by the wayside or those who choose to live away from the plain in some artificially walled off valley of their own, because they find the Fast World to be too fast, and too scary.The "democratization

The World Is Flat by Thomas Friedman

917 words - 4 pages The book, The World is Flat, by Thomas Friedman draws attention to some very good points concerning globalization and the world economy today. Friedman emphasizes the status of America today in relation to the other countries of the world. As I looked at the things in which he warned about or highlighted, I realized the importance of this issue. He talks about a few aspects in which need to be kept competitive in order for America to retain

“The World is flat.” By Thomas Friedman

964 words - 4 pages others show that globalization can be a good force to move the world to become better connected and collaborated. Conclusion In the end, “The World is Flat” by Friedman changed my prospective about myself and others, when I worked in the investment industry I never truly understood way would the Dow go lower, when there are bad news coming out of Europe, or why would the Nikkei, which is the Japanese stock market index, go down when there are

The Post American World, by Fareed Zakaria and The World is Flat, by Thomas Friedman

940 words - 4 pages As Americans we have to start to comprehend that the world around us is changing technologically, politically, and economically. In “The Last Superpower” an excerpt from the book The Post American World by Fareed Zakaria published in 2008. Zakaria emphasizes on these changes. Thomas Friedman the author of “The World is Flat” a piece from the book The World is Flat: A brief history of the twenty-first century published in 2005 also emphasizes on

Willow Tree and Olive Looks for Alibrandi - Book Review on 'Looking for Alibrandi' by Melina Marchetta and 'Willow Tree and Olive' by Irini Savvides - Comparison of both books

630 words - 3 pages The two books Willow Tree and Olive (Irini Savvides) and Looking for Alibrandi (Melina Marchetta) are very similar and yet very different. There is a distinct connection between the storyline and the personality traits of the main characters of both novels. Yet there are contrasts between the methods by which the authors have employed in writing these novels.Willow Tree and Olive is the story of Olive. Olive is of Greek descent and she struggles

No to Keystone. Yes to Crazy by Thomas Friedman

1322 words - 5 pages economically feasible due to the cost of transporting. The production of the pipeline would create jobs and lessen the U.S.’s dependency on other countries’ oil but at a great risk to the environment. The decision is up to the president, who is supposed to make up his mind in the first half of this year. In the article “No to Keystone. Yes to Crazy.” Thomas Friedman tries to persuade readers to make noise over the Keystone XL oil pipeline. To do this, he

Chomsky V. Friedman: A persuasive essay on the differing opinions of Noam Chomsky and Thomas Friedman when it comes to foreign affairs. In favor of Chomsky

790 words - 3 pages they are savages. On page 35 he says that the Muslim people are falling behind the rest of the world. His anti-Muslim sentiments are subtle, but they do exist.Noam Chomsky has a more introspective reaction to all of this than does Thomas Friedman. Chomsky realizes that for someone to commit an act of such aggression and hate they must have been deeply hurt by their target. His approach to solving this problem is to look within the U.S. to find an

What Features Of 'The Willow Tree And Olive' Make It A Suitable Text? This Essay Is For Australian Students In Yr 10

1071 words - 5 pages What features of 'Willow Tree and Olive' make it worthy to study? 'Willow Tree and Olive' is a post- modernist novel by Irini Savvedes. The story presents a period of a young girl's life during which we see her discover and accept things about herself by remembering things from her past that she has tried to forget. Olive is a teenage girl in her last year of school trying to get through the difficulties that come with adolescence

Delirium and Pandemonium by Lauren Olive

775 words - 4 pages Delirium and Pandemonium by Lauren Oliver are two amazing books part of a series. Delirium is the story of Lena Haloway who lives in a dystopian society where love is forbidden. It is the deadliest of all things in their world. In the begining Lena starts out a good girl who follows all the rules, is scared of love and believes everything that shes been told about love. All until she meets Alex. Once she meets Alex, everything changes. In

Similar Essays

"Lexus And The Olive Tree" By Thomas L. Friedman

10332 words - 41 pages THE LEXUS AND THE OLIVE TREEbyThomas L. FriedmanForeword to the Anchor EditionGlobalization is not a trend or a fad but is an international system which replaced the Cold War system and, like its predecessor has its own rules and logic that now influence the politics, geopolitics, economics and environment of virtually every country in the world.I have carefully examined the controversial sub-theses. One of them is my Golden Arches theory - that

The Lexus And The Olive Tree By Thomas Friedman Title: Winners And Losers In Globalization

2156 words - 9 pages Friedman's book entitled The Lexus and the Olive Tree took a good look at globalization, and the difference between the times our country and others went through during the past few decades, to get to where we are, and the Cold War. It seems true to me that all dynamic systems involving the exchange of material and ideational "goods" that there must be winners and losers. Before I discuss whom Friedman puts into these two categories, it would be

Essay Lexus And The Olive Tree Developments In Kazakhstan

1465 words - 6 pages its banking and telecommunications systems to private ownership and competition and allowing its citizen to choose from array of competing pension options and foreign-run pension and mutual funds. When you stitch to all of these pieces together you have the Golden Straitjacket."(Thomas Friedman)In this paper, based on the above definition of the Golden Straitjacket, given by Thomas Friedman, I try to identify how the Republic of Kazakhstan

Title:The Lexus And The Olive Tree. It Is About Globalization And Its Worldly Views

1651 words - 7 pages Understanding the book written by Thomas Friedman titled "The Lexus and the Olive Tree", current relationship between globalization and international terrorism is unconstructive and rather depressing. Furthermore, I completely concur with Mr. Friedman's interpretation of globalization with its backlash. Maintaining our geographic, historic, spiritual and linguistic expressions of whom we belong is an ultimate struggle against the technological