s new era we live in, the era of globalization, is due to three democratizing trends: 1) the democratization of technology – resulting fromminiaturization 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 informationabout 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 slowworld. 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 itsimpact 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 notinvested enough in the technology revolution are infected by. Governments that do not get serious about wiring their schools, public institutions, and citizens are going to falland loose badly in the coming economic competition on the internet.Instead Friedman stressed on points that will allow countries to get up to speed in the global market and be winners in this era. Friedman describes the combined mass of all international investors throughout the world as the Electronic Herd. He says that these electronic herds will put their money where they feel they will make profit and remove it just as fast. No one...
