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Book Review of The Lexus and the Olive Tree: Understanding Globalization

The Lexus and the Olive Tree: Understanding Globalization
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Every page of this book reminded me how smart people with dumb ideas make it into mainstream media and the public mind. Friedman is an economic liberal journalist tries to sound like an economist. Most of his conclusions are drawn from anecdotes, not solid research. The fundamentalism behind Friedman's economic liberal ideas is now mostly outdated, especially since the current recession has once again revealed the dangers of relying entirely on the market. I'd give the book another read just to set up a blog about how unfounded Friedman's arguments are and why. For those looking for readable economic liberal perspectives on globalization, I'd suggest skipping Friedman and reading Joseph Stiglitz's "Globalization and its Discontents" or Jeffery Sachs's "The End of Poverty."