To what extent is there a 'global' communications industry Essay

To what extent is there a 'global' communications industry - Essay Example ication, should help to produce a society that does not interact with each other only for manipulative economic and commercial gains, rather help in preserving some vestige of traditional social structure. The traditional telecommunications model, wherein the domestic business houses provide services to domestic customers, has now taken a global perspective whereby systems and organizations are providing services on an international scale. These systems target the global sector bringing in a greater number of customers from centralized communication and data facilities irrespective of the location of the customers served or national boundaries. The transnational nature of such venture poses substantial legal, technical and practical challenges. This paper has two sections where the first section deals with an analytical study of the political economy of communication based on the conceptual tools of Vincent Mosco, a renowned communications researcher. The second section focuses on Internet as a tool for shaping and commercialization of the corporate world together with some inter-related issues highlighting the more pressing concerns. Vincent Mosco’s book on â€Å"The Political Economy of Communication† (1996) provides vital insights into the forces shaping the communication system. His theoretical analysis is based on three social processes: commodification, spatialization and structuration. Mosco defines commodification (1996: 143 – 144) as the process transforming the utility factor of a product into its market value, which is the primary means of converting social values into economic relations. Schiller (1996 a: 18) has reiterated Mosco’s view by applying this idea of exchange of information. He has stated that the innovative ways of producing, organizing and spreading information has a radical impact on industrial, political and cultural processes and practices. The generation of information and its sale has now become sites of profit making which has

The Cost of War Essay Example | Topics and Well Written Essays - 500 words

The Cost of War - Essay Example As an economic student, the cost of war does not end in the battlefield but it also affects those who are not involved with the war. The question here is the cost of war and who bear the cost. Is it America, the jihadists or the world? This perspective will enable you to explore the issue from an economist point of view. Global economy is indicated by various parameters. Such parameters are the only tool that we can use to determine the cost of war. Jim: I think Sam is heading in the right direction since the issue of cost of war should be linked with the question of who bears the cost. It is unfortunate that since the end of World War II, most wars have been between America and the so called the Arab world. The Asian continent or the Arab world plays a big role in the world’s economy. Nearly 50% of the global oil comes from the Arabian countries particularly Iran, Iraq, Kuwait and Saudi Arabia that. These countries have either been involved or affected by the war. This proves why global oil prices escalate whenever there is a conflict involving the Arab world and the Western League. Inflated oil prices increases the cost of production since oil is used in various stages of production such as manufacturing and transportation. High oil prices are reflected in consumer products as increase in retail prices. I consider this to be the actual cost of war† Peter: â€Å"your argument is correct however, you are more biased to answering the question of who bear the cost of war instead of the cost of war. Wars happen in reality and therefore analysis needs a realistic focus. The cost of war is the immediate impacts of war that changes the financial status of the parties involved in war. In this case the cost of war will be evaluated from the cost of damages resulting from a conflict and the cost of maintaining combatants in the battlefield or maintaining a frontline†. Simon: â€Å"I think the issue is