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The Lexus and The Olive Tree. Thomas L. Friedman. The Symbolism of The Lexus. Lexus: Japanese Luxury Car Characteristics Symbolism. The Symbolism of the Olive Tree. The Olive Tree Rooted Stable Symbolism:. Tension Between the Lexus and The Olive Tree. Globalization: not a choice
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The Lexus and The Olive Tree Thomas L. Friedman
The Symbolism of The Lexus • Lexus: Japanese Luxury Car • Characteristics • Symbolism
The Symbolism of the Olive Tree • The Olive Tree • Rooted • Stable • Symbolism:
Tension Between the Lexus and The Olive Tree • Globalization: not a choice • Sense of Identity v. Surviving in the Global system
Democratization • of Technology and Information • Of Finance • The role of the Internet
The Golden Straitjacket • Making the private sector the primary engine of economic growth • Maintaining a low inflation rate • Shrinking the size of the state bureaucracy • Maintain a balanced budget for government • Deregulate capital markets
The Golden Straitjacket • Open industries, stock and bond markets, and foreign access to local ownership • Eliminate government corruption • Open the banking and telecomm industries • Allow citizens a choice of competing pension systems
The Electronic Herd • Two Basic Groups: • Short-horn cattle • Long-horn cattle
The Golden Arches Theory of Conflict Prevention • When a country reached the level of economic development where it had a large middle class to support a McDonald’s network • Two Mc Donald countries didn’t fight wars anymore • They preferred to wait in line for burgers