In his book on globalization, The Lexus and the Olive Tree, Thomas Friedman introduces the idea of the golden straitjacket. What is the golden straitjacket and what four objectives must states pursue under its policies?
What will be an ideal response?
A strong answer will include the following: the golden straitjacket is a term used by Thomas Friedman to describe the actions states must take in order to compete effectively in the global market. States must achieve four objectives: balance its budget, cut state bureaucracy, promote the private sector, and encourage free trade.
Political Science
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