Gbm-the Lexus and the Olive Tree

 | The Lexus and the Olive Tree By doubting Thomas FriedmanIn this fascinating book, the famous journalist, Thomas Friedman explains the impact globalization is making on politics, economics, society and religion. Friedman dramatises the encroach between the Lexus (globalisation) and the Olive tree (the ancient forces of culture, geography, tradition and community.) He discusses the benefits and costs of globalisation.  He critically examines the potential backlash from muckle who have been hurt by globalisation and tries to explain what intervention measures can be taken. Globalisation is not a vernal phenomenon.  From the mid-1800s to the late 1920s, the world saw a frenetic grand of globalisation. If we look at the volumes of trade and capital flows across borders, sex act to GNP, and the flow of labor across borders, relative to populations, the period of globalization preceding World War I was quite same to what we be seeing today.  Countries like Great Britain, were huge investors in emerging markets. There were no currency controls. So no so sensationr had the transatlantic cable been connected in 1866 than banking and monetary crises in New York were quickly being transmitted to capital of the United Kingdom or Paris.  In those days, people also migrated freely.

Other than in wartime, countries did not require passports for travel before 1914.  Immigrants went into America without visas.  The inventions of the steamship, telegraph, railroad and eventually telephone, all helped to shrink the world significantly. There are many similarities between the previous era of globalization and the one we are now in. But as Friedman correctly points out, what is parvenue today is the degree and intensity with which the world is being buttoned together into a single globalized marketplace and village.  What is also new-fangled is the sheer number of people and countries who can take payoff of the globalized economy and information networks. During the pre 1914 era of globalization, many developing countries were left... If you want to get a full essay, order it on our website: Ordercustompaper.com

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