Summary of "The Effects of Media Globalization"

Media globalization is the fundamental of globalization which brings benefits in various ways, but it also has its drawbacks. Although the internet allows immeasurable amount of information to be shared, it does not assure that the information is reliable. Moreover, in reality, media globalization can worsen diplomatic relations instead of bringing people with different cultures together. As local media is annexed by the companies with irrelevant field due to decrease of governmental regulation, the freedom of speech is intimidated. With media globalization, American middle class is replaced by the lower production line internationally. Despite enhancing the quality of the media content, maximizing the profits through increasing advertisements is the main objective for multi-national media corporations. Apart from the wealthiest minority in the most developed countries, advertising agencies also have significant influence to the media content because media is funded largely by them. This shows that media plays a vital role of social influence, so it should be regulated in a distinct way unlike other consumer goods.