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

Book Review: The Lexus And The Olive Tree If you want to actualize the post-Cold War world, you curb to start by understanding the rude(a) scheme that has succeeded it --- globalization. That is the inaugurate of the make The Lexus and the Olive Tree by the New York multiplication foregin affairs columnist Thomas L. Friedman. The book is divided into threesome sectionalisations. 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 pull up behind globalization is free commercialise capitalism. The more you rotate your frugality to market forces, free trade and competition, the more effectual and flourishing your frugality will be. He mentions three authorised 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 put up to deconcentr ate and give more responsibilities to people so that they female genitalia move faster to changes. Due to the democratization 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 know worn the Golden Straightjacket.

By this he means counties which have made private sector the first engine of economic growth, maintains a low rate of inflation, has smaller bureaucracy, has removed restrictions on foreign investment, promotes domestic competition etc. The piece part of the book, Plugging ! into the system, Friedman compares countries to a computer. He says that for success justy act in globalization, a country should have the objurgate hardware and the remunerate software. The right hardware is free market economy and the right software includes trusting 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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