Essay about The Government Must Regulate Globalization

Fueled by the expansion of multinational corporations and financial institutions, technological advances, and the increasing porousness of national borders, Globalization is a persistent, multifaceted phenomenon, which has and continues to have, significant impact on economical, political and cultural relations. The book, â€Å"The Lexus and The Olive Tree† by Thomas Friedman describes globalization as not just a fade or trend, but political and economical system that replaced the cold war. Friedman explains where we are and how we get here, through a series of skillful metaphors, highly relevant anecdotes, and cogent analysis. In this paper I provide a concise description of the principle arguments Friedman makes about globalization, and†¦show more content†¦Friedman adds that, this new era we live in, the era of globalization, is due to three democratizing trends: 1) the democratization of technology – resulting from miniaturization and, that allows hundreds of millions of people to connect and exchange information in an extraordinary ways, 2) the democratization of finance – almost anyone can invest in almost anything these days, and 3) the democratization of information. No longer can a government isolate its people from information about life beyond their borders. Because of these trends, Friedman claims that first; second and third world do not exist- there is just the fast world and the slow world. This results in a limited choice: globalize, or be left completely behind. Friedman emphasized on the balance between the Lexus and the olive tree. He compared modern life, comfort, keeping up with technological advances to a luxury car (Lexus). He also emphasized that we all have to protect our olive trees, which are the roots, heritage, customs, family, and home that we all should cherish. As globalization increases its impact on our lives, it will be more important for countries and individuals to find a balance between those two poles. Friedman stressed an important point on technological revolution. According to Friedman, Micro Chip Immune Deficiency System is a disease which countries that have not invested enoughShow MoreRelatedHow And Why One Should Reform The Global Economy1245 Words   |  5 PagesHow and Why One Should Reform the Global Economy It was chosen the texts, which are related to the last global economic crises in 2008 and more later analysis of the influence of globalization on national politics of different countries. 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