Media and Globalization (Research Paper Sample)

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Media and Globalization
Globalization is the process of international incorporation that rises from the exchange of worldviews, products, ideas and other characteristics of culture. Advances in transportation and telecommunications transportation are major aspects in globalization, generating a further interdependence of economic and cultural actions. Further, environmental disputes such as climate change, cross-boundary water, air affluence, and over-fishing of the ocean are associated with globalization. Globalizing processes affects business and work associations, economics, socio-cultural resources, and the natural environment. Globalization can refer to spatial-temporal processes of change that underpins revolution in the organization of human affairs by linking mutually and expanding human doings across regions and continents. In addition, it is difficult for states to interrelate with others that were not within close immediacy with untimely globalization. Even so, technological proceeds allowed states to gain knowledge of others existence that led to another phase of globalization. Arguably, archaic globalization did not function in a related manner to modern globalization because different countries were not as reliant on others as they are today. This paper will discuss media and globalization.
Globalization has enabled the development and proliferation of information and transportation networks in numerous ways. The major objective of globalization is to supply organizations a better competitive position with lower operating costs, to gain better numbers of produce, services, and consumers (Elkins, Valiavicharska and Kim 133). Consequently, this approach to competition gain diversification of resources and the conception and development of new investment prospects by opening up extra markets and contacting innovative resources (Steger 102). Some of the factors that contribute to globalization include international strategies, aims to expand business operations on a worldwide level and facilitation of global communications due to technological advancements. Socioeconomic, political and environmental developments also lead to globalization (Steger 67). Globalization in the logic of connectivity in economic and civilizing existence across the globe has been cultivating for centuries.
Even so, many consider that the existing situation is of a fundamentally dissimilar order to what has gone before in the earlier years (Steger 76). The rate of communication and exchange of information, the complexity and magnitude of the systems involved and the absolute volume of trade interaction within trading blocks refers to globalization an unusual force. With enhanced economic interconnection, countries have become even more reliant on activities in central economies such as the United States of America where capital and technological expertise tend to be located. There has also been reallocation of supremacy away from the nation state toward multinational companies (Steger 77). Globalization entails the dissemination of ideas, practices, and technologies. In addition, globalization is not modernization, westernization or liberalization of markets since it has influential economic, political, cultural and social elements. Productivity and competitiveness are purposes of knowledge invention and information progression (Steger 67). Organizations of firms and territories are evident in systems of production, management, and distribution (Elkins, Valiavicharska and Kim 133). Even so, the core economic behaviors are global because they can work as an element.
Consequently, countries feel the shifts in economic activities all over the world (Steger 35). The internationalization of financial markets, technology and manufacturing services carry with them an advanced set of constraints upon the freedom of action of nation states (Nagy and Zabus 26). In addition, the materialization of institutions such as the World Bank, the European Union and the European Central Bank, entail new limitations and imperatives. Early modern globalization differentiates modern globalization because of an expansion, the technique of managing global trade and the intensity of information exchange (Elkins, Valiavicharska and Kim 133). Consequently, the triangular trade made it achievable for Europe to benefit from resources within the western hemisphere. The relocation of animal stocks, plant crops and pandemic diseases correlated with Alfred Crosby's concept of The Columbian Exchange also co-operated a fundamental role in this progression (Steger 102). Early modern trade and communications engaged a vast collection including European, Muslim, Indian, Southeast Asian and Chinese merchants predominantly in the Indian Ocean region.
Various forms of global media have permitted globalization to take its cause. Improvements in transportation and communication, international business has grown rapidly. Countries have also resolved to practice trade by exchanging goods and services for monetary gain (Steger 45). Consequently, trade between countries has resulted to economic growth in the countries participating in the trade. International business includes all commercial transactions amid two or more regions, countries, and nations further than their political limitations (Nagy and Zabus 84). Such international diversification is attached with firm presentation and innovation, affirmatively in the case of the previous and often negatively in the case of the latter. Even so, private companies assume such operations for profit. International business arrangements have led to the development of multinational enterprises and companies that have a worldwide approach to markets and production (Elkins, Valiavicharska and Kim 133). In addition, most of the largest corporations function in multiple national markets (Rappa 27). Even so, survival in the new global marketplace necessitates companies to source goods, services, labor and materials overseas to advance their products and technology in order to ensure enhanced competition.
In addition, international trade comprises of exchanging capital, goods, and services across international borders for exchange of money or other goods (Rappa 27). In most countries, such trade symbolizes a significant share of Gross Domestic Product. Some factors that have a major impact on trade in different countries include advanced transportation. Industrialization, multinational corporations, off shoring and outsourcing also has a major impact on bilateral trade. The development of international trade is a fundamental constituent of globalization (Rappa 46). An unconditional trade benefit exists when countries can fabricate a commodity with fewer cost per unit generated than its trading associates. Consequently, it is of necessity that countries should not import commodities that have an absolute disadvantage (Elkins, Valiavicharska and Kim 133). While there are potential gains from trade with an absolute and comparative advantage, the capability to tender goods and services at a lower insignificant and opportunity cost broadens the range of achievable mutually advantageous exchanges (Rappa 96). In a globalized business environment, companies consider that the comparative benefits offered by international business have become essential to remaining aggressive. Increasing international commerce with high obstructions to entry, corporate consolidation, tax havens and other techniques of tax avoidance, and political dishonesty have all caused additional income inequality and wealth concentration.
Consequently, global media have contributed to economic inequality among countries. Unequal distribution of economic assets and income between global populations, countries, and individuals greatly adds to economic inequality (Elkins, Valiavicharska and Kim 35). Economic inequalities fluctuate amid societies, historical phases, economic compositions or systems, for example, capitalism or socialism. Even so, there are varieties of statistical indices for determining economic inequality (Elkins, Valiavicharska and Kim 133). Notably, income inequality has enhanced throughout the globalization era within countries while globally economic dissimilarity has narrowed as developing countries have experienced much more quick intensification (Elkins, Valiavicharska and Kim 35). Economic discrimination varies among societies, historical periods, economic configurations or economic arrangements.
Economic discrimination also varies among ongoing or past wars, amid genders, and the differences in individuals' abilities to generate wealth (Elkins, Valiavicharska and Kim 35). Economic globalization entails increasing economic interdependence of national economies across the world through a rapid enhancement in cross-border association of goods, service, technology and capital (Moghadam 56). Consequently, the globalization of business centers on the shrinking of international trade directives as well as tariffs, taxes, and other obstructions that suppresses global trade. Economic globalization involves escalating economic incorporation amid countries, leading to the materialization of a global marketplace or a solitary world market (Elkins, Valiavicharska and Kim 133). Depending on the standard, economic globalization can be either a positive or a negative incident (Moghadam 78). Economic globalization consists of the globalization of fabrication, markets, competition, technology, and corporations. Incorporation of developed economies with less developed economies by means of foreign direct investment accounts for trends in the current globalization.
Economic inequalities have an effect on equity, equality of outcome and successive equality of occasions. Arguably, earlier studies considered economic inequality as necessary and beneficial while some economists see it as an import...