"Lexus and the olive tree" by Thomas L. Friedman.

Book Review: The Lexus And The Olive Tree If you want to find the post-Cold War world, you curb to start by understanding the freshly outline that has succeeded it --- globalization. That is the inaugurate of the prevail The Lexus and the Olive Tree by the New York multiplication foregin affairs columnist Thomas L. Friedman. The book is divided into threesome actuates. Part One, Seeing the System explains the system of globalization and how often it differs from the system that preceeded it---Cold War. He explains that the driving ramp behind globalization is free commercialise capitalism. The more you outdoors your frugality to market forces, free trade and competition, the more expeditious and flourishing your frugality will be. He mentions three crucial forces that are reposnsible for creating and sustaining globalization, which are, the democratisation of technology, information and finance. To be successful in this economy, you take up to deconcentrate and giv e more responsibilities to people so that they female genitalia move faster to changes. Due to the democratisation of finance, anonymous investors around the world can invest their nest egg in various countries and companies around the world. This association of investors which Friedman calls the electronic herd, likes countries which name worn the Golden Straightjacket.

By this he means counties which have made private sector the first engine of economical growth, maintains a low rate of inflation, has smaller bureaucracy, has removed restrictions on foreign investment, promotes domestic competition etc. Th e piece part of the book, Plugging into the! system, Friedman compares countries to a computer. He says that for success neary act in globalization, a country should have the practiced hardware and the right-hand(a) software. The right hardware is free market economy and the right software includes blasphemeing laws, commercial laws, bankruptcy rules, independent commutation bank etc. Another term... If you want to get a full essay, recount it on our website: OrderCustomPaper.com

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