Sample Thesis Paper
Globalization is a worldwide phenomenon through which developments in technology and communication have brought industries across the globe more close to each other than they ever were before. The purpose of this paper is to shed light on how globalization has had implications on the deregulation, consolidation and digitization in the media (Downes & Mui, 2000, p. 68). In order to do so, the paper will consider the advantages and disadvantages for each of these three elements.
If one was to put forth a concrete definition of globalization, it is evident that Globalization serves to dramatically increase the interdependence between social and economical bodies across the globe (Waters, 2001, p. 4).
Globalization has served to bring about a significant increase in deregulation between people and markets across the world. So much so that there have been instances where deregulation has been identified as a component of globalization (Morris & Waisbord, 2001, p. 90). Deregulation in the media comes across as an implication of globalization since the increased degree of internationalization has led an increase in advertising and communication in the media (Kumar, 1998, p. 1).
It was in the late 1960s that the implications of globalization became apparent in the media through its consolidation (Anderson, 2002). The act of consolidation refers to the process of mergers and acquisitions of smaller and medium sized companies to form larger enterprises. Consolidation comes across as one of the prime implications of globalization on the media. As a result of globalization, radio station and media giants became all the stronger (Hilliard & Keith, 2005, p. 5). The period spanning the late 1990s and the early 2000s saw a significant increase in media consolidation (O’Guinn, Allen, & Semenik, 2009, p. 45). We can therefore infer that globalization has led to an increased degree of acquisitions and mergers in the media.