What is the definition of 'golden straightjacket'?

Globalization advocate Thomas Friedman's quote: "The Golden Straitjacket is the defining political-economic garment of globalization. The tighter you wear it, the more gold it produces."

According to Friedman, in order to fit into the Golden Straitjacket a country must either adopt, or be seen as moving toward economic growth. For Friedman, this means the decentralizing of government, the privatizing of industry, and the elimination of tariffs and other obstacles to foreign investment. Learn more here.

Thomas L. Friedman is an internationally renowned author, reporter, and, columnist—the recipient of three Pulitzer Prizes and the author of six bestselling books, among them From Beirut to Jerusalem and The World Is Flat.

He was born in Minneapolis, Minnesota, on July 20, 1953, and grew up in the middle-class Minneapolis suburb of St. Louis Park. He is the son of Harold and Margaret Friedman. He has two older sisters, Shelley and Jane.

Know more about Friedman by reading his biography on www.thomaslfriedman.com.

Of interest, find more Thomas Friedman Quotes and Sayings on InspiringQuotes.us.

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