"Lexus and the olive tree" by Thomas L. Friedman.

THE LEXUS AND THE OLIVE TREE by Thomas L. Friedman Foreword to the sand Edition         Globalization is non a skip or a fad but is an international outline which replaced the Cold fight system and, like its predecessor has its cause rules and logic that right off influence the politics, geopolitics, economics and environment of well-nigh every ground in the world.     I take hold guardedly examined the controversial sub-theses. star of them is my Golden Arches theory - that no both countries that both have McDonalds have ever fought a war against each some other since they each got their McDonalds (As of April, 1999) and have found it quiesce valid. OPENING icon: The World Is Ten Years Old     On supernal latitude 8, 1997 Thailands governance announced it was closing 56 of its 59 pay houses. Thai businesses had launched a wide building political program with U.S. dollars, borrowed from their finance houses who loaned, thinking themselves safely backed by their government and a strong baht. When the government failed its support due to massive, globose guessing that the economy was stretched too far, value of the baht crashed. And in that location were not enough cheapened bahts to pay for the borrowed dollars. These investment houses were the first dominos to excise in the first global financial crisis in the natural era of Globalization - the era that followed the Cold War.

     then inside just a few months, the Southeast Asian recession, originating in Thailand, began to affect commodity prices around the world. Asia had previously con sumed huge amounts of unsanded materials. W! hen their engines began to sputter, the prices of many essential commodities began to fall.     These lowering prices seriously alter Russia, whose factories couldnt constitute much of value anyway; but, even so, in that respect was slim market for their few items worthy of sale. Hence... If you want to cohere a full essay, order it on our website: OrderCustomPaper.com

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