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COMPLETE Portico Notes: Part 2 - got a 4.0 in the course!

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Department
Portico
Course
PRTO 1000
Professor
All Professors
Semester
Winter

Description
DISCUSSION QUESTIONS 1. How does Thomas Friedman conceive of globalization in chapter one (“The New System”) of his book, The Lexus and the Olive Tree? 2. What are the different dimensions of Thomas Friedman’s 6D lens in his work The Lexus and the Olive Tree? What is its importance? (Be sure to include his notion of “information arbitrage” in your answer). 3. Based upon the Monday Evening class on entrepreneurship, discuss the pros and cons of having a venture funded internally (Dashed) versus the pros and cons of having a venture that is funded externally (Jebbit). 4. In chapter 3 of The Lexus and the Olive Tree, Thomas Friedman argues that one of the chief challenges in the era of globalization is for countries and individuals to find a healthy balance between their olive tree and the Lexus. What does he mean by this? 5. According to Amartya Sen, the central ethical concern stemming from globalization is not “globalization itself”, nor is it “the use of the market as an institution”. What is it? What measures does Sen call for in order to address this concern? 6. David Landes, in the chapter “The Invention of Invention” in his Wealth and Poverty of Nations, discusses the mystery of why China failed to realize its potential during the MiddleAges. What are three potential reasons that Landes mentions, which could potentially account for China’s failure to reach its potential during this period? 7. David Landes, in the chapter “The Invention of Invention” in his Wealth and Poverty of Nations, mentions some reasons why innovation flourished in Europe during the Middle Ages. List three of these reasons. 8. Describe 2 conditions where customer power is high in an industry. Use an example of an industry to illustrate your argument. 9. Describe 2 conditions where the threat of substitute products is high in an industry. Use an example of an
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