THE LEXUS AND THE OLIVE TREE - PowerPoint PPT Presentation

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THE LEXUS AND THE OLIVE TREE

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THE LEXUS AND THE OLIVE TREE By Thomas Friedman (2000) GLOBALIZATION Globalization consists of the flow of goods and services, capital, and people across national ... – PowerPoint PPT presentation

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Title: THE LEXUS AND THE OLIVE TREE


1
THE LEXUS AND THE OLIVE TREE
  • By Thomas Friedman (2000)

2
GLOBALIZATION
  • Globalization consists of the flow of goods and
    services, capital, and people across national
    borders.
  • Forces of Globalization consist of world-wide
    markets, financial institutions, computer
    technologies, instant communication, convenient
    travel, etc. Friedman calls this the Lexus.
  • This force began in the 1980s and has been
    picking up speed ever since.

3
  • The Olive Tree refers to the customs,
    religions,
  • ways of life that keep a particular culture
    alive.
  • Balancing the Lexus and the Olive Tree is
  • difficult but essential.
  • Examples GPS and Islam Kayapo Indians
  • Globalization is sometimes seems as
  • Americanization. (Islam vs. McWorld)

4
1989 Berlin Wall Falls Cold War Ends
A New Economic Era Begins
  • Globalization encourages the growth of free
    trade. This comes about with the following
  • A strong private sector economy
  • stable prices low inflation
  • Balanced budget low or no tariffs
  • Eliminate government corruption
  • Open to foreign investment
  • Promote competition at home
  • Privatize state-owned industries

5
New Rules
  • Countries which follow the previous guidelines
    grow fastest.
  • International Accounting Standards have to be
    used for business to trust countries with their
    investments.
  • The Golden Arches Theory of Conflict Prevention
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