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By this, he meant being obsolete and getting phased out. This syndrome led to the loss of productivity economically through wages, productivity, standards of living and competitiveness amongst others. He further expresses globalization by saying one may not know how the globe is revolving unless one understood the new globalization system.
The title ‘The Lexus and the olive tree’ is significance in the following ways; The Lexus is a luxurious ultra-modern car and the traditional olive tree is representatives of the current struggle between the effects of the cold war. The inescapable encroaching modernity and the fight by nations to retain their cultural identities without being influenced by the forces of globalization. A Lexus is a luxurious automobile entirely built by a mechanical assembly line whose robotic finishing is used to enhance perfection and quality control mechanisms. The Lexus is an explicit indication of the drive for prosperity. The olive tree is a representation of one’s national culture or identity. The book the ‘Lexus and the Olive tree’ argues that nations are supposed to put emphasis on privatization of their economies as well as adjusting their Government policies to streamline with the global strategies for globalization. The Lexus and the olive tree are elements in the post -cold war period where countries strive on building and developing their economies while other nations are fighting for cultural identity through the cold war. This means that the world is facing two struggles, the urge to grow and prosper symbolic of the Lexus and the feeling to retain cultural traditions and identity symbolized by the olive tree. The balance between following the Lexus as well as the olive tree is quite difficult, and both can’t be adhered to at the same time. Culture and identity conforms one to old age political policies which cannot allow for
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Friedman is known for coining the phrase golden straight-jacket in regards to the rules that globalization has brought. These rules of global economy according to him stipulate that the private sector is amassing power with the spread of globalization and that nations should accept this fact by privatizing industries, increasing transparency and curbing corruption and opening up their markets by eliminating tariffs.
It is for this reason that many countries that were previously considered disconnected or redundant have gained prominence. This process has been perennial and has been amplified by the continuous development in technology and communication. Today, with one click, one can connect to, transact, see and hear someone sitting thousands of miles away.
These include analysis from System Level perception, State Level analysis, Organizational Level analysis and Individual Level analysis. The review from each point determines war of Iraq more a political conflict aroused from cause – effect reaction of supreme power.
It refers to a mega-phenomenon which has made its presence felt in almost all aspects of human life, thus becoming the key driver which is shaping contemporary trends and re-structuring the economic framework. The concept of globalization has often been widely been used to describe a general change in trends in almost every aspect of our lives, thus indicating a paradigm shift triggered by certain key elements with technology, being in the centre of it all.
Thomas says it is vital to know something in a specific line and to understand the coagulation of the overall effort to make life bearable. Thomas says that there is no harm in forgetting something we learn in life as far as we belong to an Olive. It is in this issue that he draws the analogy of the Lexus and the Olive tree.
Michel Foucault states that the space in the contemporary era is defined by the relationship between sites. The problem of site, or placement, arises from demography. "How do home, work and other sites relate to each other" Foucault asserts that the anxiety of our era is fundamentally related to space.
According to the paper globalization is a very important aspect in the global economy. Globalization is defined as the process that results in individual economies that are all around the world to become intertwined whereby other world economies are affected by one occurrence in a specific country.
h assessment was done on the operational systems for the effectiveness of the business after which the operational planning as well as implementation within the business’s hospitability units are critically appraised. It is confirmed that Angelo has not made any net profits so
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