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The Lexus And The Olive Trees
Beginning of essay
: The Lexus and The Olive Tree
Summary: Opening Scene: The World Is Ten Years Old.
“ The trouble spread to one continent after another like a virus.” USA Today
On December 8, 1997, the government of Thailand shut down 56 of their countries finance houses. These finance houses borrowed h ....
Middle of essay
....ery that triggered a herdlike stampede into U.S. Treasury bonds. The abrupt drop in the yield on U.S. Treasury bonds was then the transferal device, which twisted more hedge funds and investment banks. In order to make money in such a profoundly competitive world the hedge funds had to look for more exotic bets with larger pools of cash.
The cold war system that had dominated international affairs since 1945 had been replaced by a new interconnected system called globalization. World War 1, the .... |
| Number of words: 2343 |
Approximate pages: 9 |
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