Summary of "The Effects of Media Globalization" (Final Draft)

Media globalization is a part of globalization which fetches benefits in various ways, but it also has its drawbacks. Although the internet allows an immeasurable amount of information to be shared, the reliability of information can never be assured. Moreover, in reality, media globalization can deteriorate diplomatic relations instead of uniting people from different cultures. Local media is being annexed by the corporations from irrelevant field due to mitigation of governmental regulation, restricting the freedom of speech. With media globalization, the American middle class is replaced by the lower wage production line outsourced internationally. With regards to multinational media corporations, despite enhancing the quality of the media content, profit ability holds precedence through increasing advertising contracts. Apart from the wealthiest minority in the most developed countries, advertising agencies also exercise significant influence over the media content because the media is largely funded by them. This illustrates the fact that media plays a vital role in the aspect of influencing social perspectives, so distinctive regulation will be the most welcomed unlike standard consumer goods.