Lexus & the Olive Tree - Summary Notes

Lexus & the Olive Tree - Summary Notes - Freidman...

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Unformatted text preview: Freidman explains Globalization • Writing blend of history, finance, trade, policy, diplomacy and technology • Discusses impacts and interlinking of major and minor events that have global ramifications: o fall of Berlin wall o disintegration of former USSR o evolving role of finance and trade in int'l relations o Mexican crisis o South East Asia's financial crisis o technological developments that have led to info. age o increased Americanization o rise of super powered individuals • Offers options for countries and companies who wish to survive and thrive The Big Idea • Explains the geopolitics and economics of current times simple and easy to comprehend style • THESIS: Globalization the new int'l system that followed the Cold War o Influences world geopolitics and economies united fates of people globally o Inevitable integration of markets, nation-states and technologies to degree never witnessed before enabling individuals, corporations and nation-states to reach around the world farther, faster, deeper and cheaper than ever before enabling the world to reach into individuals, corporations and nation- states farther, faster, deeper, and cheaper than ever before o **Spawn of the free market economy** Defining measurement speed o Built around three balances overlap and affect one another: • Btw. nation-states traditional, still exists • Btw. nation-states and global markets Electronic Herd • Btw. individuals and nation-states individuals gain so much power that it can influence the decisions of nation-states Players: • Nation-states • Supermarket • Super-empowered individuals Information Arbitrage • Arbitrage buying and selling of the same securities, commodities or foreign exchange in different markets to profit from unequal prices and unequal information o Effective journalist needs to practice in order to offer comprehensive, balanced view to readers Lexus and the Olive Tree : The Analogy • Conflicts of the world determined by the need for 'sustenance and sense of identity and community' • Lexus 'global markets, financial institutions and computer technologies with which we pursue higher living standards today' o The aspiration towards material prosperity • Olive Tree 'whom we belong to - linguistically, geographically and historically' o The ancient forces of culture, race, tradition, and community • Challenge and future of new system...
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This note was uploaded on 11/02/2010 for the course CRN 81616 taught by Professor Poonamnath during the Spring '10 term at Georgia State.

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Lexus & the Olive Tree - Summary Notes - Freidman...

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