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

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