Advantages And Disadvantages Of Export Subsidies

For developing countries, globalizations permit for production opportunities with services, technology, and products. In developed countries, consumers can operate at a lower cost for the same quality of work. In conclusion, globalization has

This is a result of media globalisation and transnationalising audiences emerging in a globalised society today. Media globalisation is a phenomenon that causes us to be understood

However, not everything is rose color. As a result of the economic expansion and diversity of goods and services provided by the international trade, prices are more competitive increasing the market competition among producers, which provide domestic consumers with cheaper products.

Conditions have changed. Global trade has rapidly increased in both volume and value, reaching nowadays more than $4 trillion in 1997 (Daniels J.D., Radebaugh, 1998, pg. 529). Competition is fierce from all corners of the world. Failure at the global level can backfire and may consume existing brands and business relationships. At the same time, global opportunities have emerged that offer possibilities for growth, profit, and an improvement in worldwide standards of living.

This will lead to the mass media homogeneity that will dissolve cultural differences. Cultural imperialism started right after decolonization when political or military control of another country could not be practiced. Psychological forms of control began to be used and were facilitated through the rapid integration of global telecommunications systems. They pushed American culture that promoted the ideas of consumption and instant gratification that would spread global capitalism and increase profits. The cultural imperialism argument has several strengths as well as weaknesses. It’s main strength is based on the idea that mass media from larger nations negatively affects the smaller nations because the national identity of smaller nations is lessened or lost due to media homogeneity inherent in mass media from the larger countries. Sometimes local interpreters keep some cultural diversification by transforming the imported media to meet local demand. The media is still influenced by the core but is also still unique and successful. Examples of this include the success of Korean pop music and Bollywood cinema in their respective “geolinguistic region.” The media imperialism theory fails to fully understand the internal historical and social dynamics within periphery countries. The West may have implanted the model of television consumerism, but the West is not required to sustain it and today many US programs lead the world in their transportability across cultural boundaries but are rarely the most popular when viewers have reasonable local options. (L&B p340-342)(Peripheral Vision) The social construction of reality theory attempts to explain how and why individuals view the world in a certain way and what role the media plays in shaping that view. It suggests that the media actually

A critique of this argument was made by John Tomlinson where he notes that discussions of cultural domination often locate the media as central to cultural imperialism (Tomlinson, 1991, p.29). It seems that when we reach a higher level of Globalization the enemy of the difference is the transnational system itself (Jameson, 1998, p.74). This all come to the fact that Hollywood films playing in European cinemas or in television makes a clear distinction between media products (films, television, radio, books...) and culture (repertoire of a national meaning). In this particular aspect Tomlinson notes that:

Globalization has transformed the world economy over the past years. The spread of ideas and technology across borders has facilitated new avenues of trade, creating new markets and expanding others. However not only has the world benefitted

The development of the business environment has determined companies to develop innovative strategies in order to create competitive advantage. Some of them have identified the potential of developing markets in Asia, Africa, and Europe, and have expanded their business to such areas. These countries provide a large pool of cheap skilled workforce that can help these companies reduce their production costs, which leads to reduced prices intended to increase the number of customers. The economic development of these countries provides customers with increased incomes that can purchase companies' products and services.

If the economy is not having exponential growth in job creation, it makes it that much harder for the nonworking poor to acquire jobs. To add to this, most jobs that the nonworking poor and the working poor usually attain, due to educational deficiencies and poor upbringings, are sadly those jobs being outsourced to other countries. With a large sector of manufacturing jobs leaving the United States, it places many families vulnerable to poverty. Even more, they can be viewed as deviant for not assimilating/acquiring the desired skills that the dominant group sees fit for societies contemporary

The process of globalization has numerous significant effects on countries, organizations, and individuals. These effects can be observed in the quality of products, in their prices, but also in their availability. Because of globalization, numerous companies prefer to expand their business on international level. Some of them outsource some of their processes and activities to cheaper destinations that allow them to reduce their investments.

There are quite a few forms of tariffs that the government may apply based on the condition of the country’s economic welfare. The pros and cons of these forms of tariffs will be reviewed. Discussion on how these tariffs positively or negatively affects the economic stance of the country will be displayed. Tariffs such as the ad valorem, the taxing a percentage of the value of an item and the specific tariff or tax which is a set amount based on weight or sum of items. (McEachern, 2015)

Companies move to developing and third world countries for cheaper production cost. In those countries may be they do not need to provide the workers any benefits and the salary requirement is lower compared to what they had to pay in the home country. In this way the industrialized countries exploit the labor force of less economically developed country. They pay them less but earn more profit (by reducing labor expense). Child labor is also an

Globalization offers industries many ways to increase their profits. Since businesses and corporations have access to a wider range of potential clients, they have a chance to increase profits. Global competition also

The forces of globalization are generally credited with the major role played in increasing the access of organizations to countless resources. Due to market liberalization for instance, large corporations are able to import cheap resources from various global regions and as such patronize the market through price leadership strategies. Nevertheless, another crucial characteristic of globalization is that it allows economic agents an incremental access to larger customer markets. This virtually means that manufacturers get to sell their products to numerous global regions and exponentially increase their revenues.

The economy is not the only area effected by globalization. Cultural globalization is also of critical importance. It is spread through the media, books, and even through the news. Since world news and information are often shared across countries, it is a sign of merging cultures through entertainment and media technology. The fact that television shows like South Park and Arthur are shown in multiple countries; shows that the cultures are becoming globalized.