Political Economy of Media Essay Example | Topics and Well Written Essays - 2250 words

Political rescue of Media - Essay ExampleHe as well as looks at the stinting and ethnical globularization and their relation with the global commercial market (2001, p.1). The global commercial media do progress cultural globalization. McChesney looks at the technological whirling that is defined mainly by the radical development in computing and digital communication. He concludes that the cultural globalization and economic globalization would be impossible without global commercial media. Technological revolution has make the media empire lucrative and realistic this new image of the media company is one that was unimaginable in the past. The appear technologies in the media economics play a role in encouraging competition among the media companies. In credit line for profits and economy improvement media, companies embrace the new engineering science in the market to ensure that they pass on satisfactory service to their consumers (McChesney, 2001, p.3). The relation bet ween media economy, technological revolution can be better still if we consider the role of ad. Advertising is a business expense that large firms invest in to exploit their business. The concept of globalization was made possible through advertizing, the media benefits from advertising in the sense that three quarters of the earning from advertising is for the media company. The internet for instance is one of the technological advancement that has been embraced by the media company. McChesney observes that companies like the AT&T, Microsoft, telefonica, and AOL puddle become media players. The integration of the media system, telecommunications and the computer industries forms a global communication system. It is true that the global media plays a life-and-death role in the promotion of expansion of global and regional sale of goods and services the global media functions to promote cultural industry. Patrick looks at the cultural industry in the age of globalization and co ncludes that culture is increasingly universe shared. Many nations concentrate on transitioning cultural industries and national interests. Grant states that the cultural industry exists to enforce the capitalist ethos. He describes that culture is a tool for the capitalists to exercise control of an individuals consciousness. Let us consider television as a part of the culture industry. The television has changed the society these days. However, Grant does not view the change as revolutionary but rather as a progression. It is, however, through the television, that advertising has been made a vital part of marketing by many industries. The media achieve the success of advertising when cultural expectations are aligned with the investors expectations, the purpose of technological innovators and the goals of entrepreneur ism. Technology has seen the penetration of various cultures into the mainstream. It is requisite to note that culture forms the spirit and soul of the every nati on. It is also crucial to note that culture also forms the foundation of national development. Yan lei suggest that there is a relationship between culture and economic growth. This he concluded after carrying out various studies that explained the impact of culture on economic development, and technology (2008.p.23). Lin yei observes the cultural industry contribution to the Guangdong province, and he compares it to the contribution by the other industries such as agriculture, and the industrial industry. Lin yei states