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Shvoong Home>Arts & Humanities>The Lexus and the Olive Tree / Understanding Globalization Summary

The Lexus and the Olive Tree / Understanding Globalization

Book Summary   by:Strega     Original Author: Thomas L. Friedman
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For much of the second half of the 20th century, the Cold War between the Soviet Union and the United States dominated international politics. With the demise of the Soviet Union, the Cold War came to an end. Now globalization has become the focus of attention among governmental policymakers, as well as leaders of the private sector and leaders of nonprofit organizations.Globalization refers to the process of removing barriers to trade. As it has developed, it has made it easier to move money, resources, and information from one place in the world to another. Not are ever increasing quantities of resources and information moving from place to place, but they are doing so more quickly and more efficiently than ever. As a result, businesspeople are increasingly seeing the entire world as one large market in which to produce and sell their good and/or services.In this book, New York Times foreign affairs columnist Tom Friedman describes globalization and examines its effect upon people worldwide. In doing so, he highlights how some have welcomed it, while others have bitterly fought against it. The protestors who have attempted to disrupt recent annual gatherings of the leaders of the G-7 countries (the world’s most industrialized) are one indicator of group unwilling to accept globalization and mobilizing its forces to fight against it. In order to grasp the meaning of globalization and it potential for changing the way we live, Friedman found it more helpful to speak with, for example, hedge fund managers, than with professors of international relations or foreign policy makers. That stems from the fact that the former appear to be more capable of seeing the whole, the big picture, while the latter get bogged down in particulars which prevent them from taking in the big picture.
Published: August 30, 2005   
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