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Political Economy of Media...? Political Economy of Media Does the technological revolution change the basic rules of media economics? The technological advancement in the 21st century has had a positive impact on the media economics. A study carried out in over 200 European cities shows that the economic growth was higher in the cities that embraced technology. The era we are in now is marked by globalization technological revolution and democratization, all these areas in one way or another impact media and communication. McChesney observes that the technological revolution does play a defining role in the media industry. He also looks at the economic and cultural globalization and their relation with the global commercial market...
9 Pages(2250 words)Essay
Subject political science in 1989 some observers claimed that marxism was obsolete. What if any analytical insights can marxist political economy still provi...Marxist Political Economy Introduction This historical connection f Marxist theory with conflicttheory presents an interesting paradox f a Marxism reared in the womb f theoretical structures to which it was, and is, seemingly largely opposed. Marxist theory has in common with conflict theory an interest in explaining both law and criminal justice but rejects the multi- group conflict image f society and endorses a power- elite model f society, in which social, economic, and political power has been concentrated into the hands f a small ruling class in late-stage capitalism. The history f 'civilized' society, for Marx, has been the...
8 Pages(2000 words)Essay
Political Economy...What does the 'political economy' approach to the study of the Creative and Cultural Industries involve What are its advantages and disadvantages Introduction
The world economy in general and the national economies in particular, in twenty first century, are more or less dominated by post-industrial knowledge-based exchanges. Primary production or manufacturing is becoming decreasingly important sectors of the postmodern economy. The importance of cultural industry is not merely limited to its economic capabilities (which is, of course, relatively strong); but also to the prominent role it has on the making and unmaking of peoples' identities,...
15 Pages(3750 words)Essay
Political Economy...INTRODUCTION: In this essay, I am going to look at some of the major economic theories and their assumptions especially on the need and role of government action or involvement in the economy. This analysis is based on a review of john Freebairn of the Australian car manufacturing industry.
Markets are generally a system of social arrangements that allow people to gain information regarding goods and services. In addition, markets provide a framework where people voluntarily exchange their goods and services for an agreed compensation.
ANALYSIS:
In analyzing the Australian manufacturing industry, Freebairn uses a combination of the Keynesian and the neoclassical theories to drive his point home. The Keynesian theory,...
2 Pages(500 words)Essay
Political economy...Political economy: Assess the arguments for and against total debt relief. Taking all the points of view under consideration, do you think highly indebted countries should be granted full debt relief?
The problem of Third World Debt has been a talking point in international political meetings for more than half a century now. The new world order that had emerged with the end of Second World War had divided the world into three distinct political groups. The first was led by the United States and its allies, the second comprised of the former Soviet Union nations and the rest belonged to the Third World – a conglomeration of economically and politically...
8 Pages(2000 words)Term Paper
Is the Marxist critique of capitalism still relevant in the contemporary global political economy..., New York and Tokyo have emerged as the power centers, courtesy the rapid surge in globalization. These cities are now in a position to control the worldwide economic scenario, much against the aspect of egalitarian economy supported by Marxist thought. (3)
Perhaps, the biggest criticism of contemporary Capitalistic economy, from the perspective of Marxist Philosophy is, the state has now been transformed into a transnational one comprised of various powerful economic and political groups. That the same is very much against the principle of economic equality warrants no special mention (3)
Emergence of New Kind of Global Capitalism
From the point...
4 Pages(1000 words)Essay
Political Economy...and at the same time influencing an increased focused on Environmental pollution. The increase in recession and population growth has had a trickledown effect and things have been getting worse as time has gone by. The primary focus of this thesis will be the effects recession and population growth have on triggering income inequality as well as environmental pollution.
Financially, the last decade or so has been a debacle for most countries around the world. The term recession has posed as a pest for most economies and has derailed the massive progress the world was making. Money was being flown out of the economic system that was being injected into it. Supplies were not meeting demands and inflation reached its...
6 Pages(1500 words)Essay
Political economy...POLITICAL ECONOMY Introduction Economics is a large and complex term that describes how individuals, groups, institutions and the government at large make decisions on allocation of limited resources to several competing wants. In any economy, there are always many competing wants from citizens, which the state is mandated to fulfill effectively, however, in their bid to fulfill this needs, they are always confronted by few and unlimited resources, for this reason, a choice steps in (Gregory & Stuart 2013 35). Economics has several branches that that deal with how this important economic question is answered in the fields that they represent.
Political Economics
According...
7 Pages(1750 words)Essay
Political Economy...Political Economy Nash equilibrium In the first game, player s best response is in UL where he gets 3 pay offs. This is his best response since3>2. At the same instance, player B has his best response of 4 payoffs (4>3 and 3>2).
In the second game. At the same point (UL), both players have their best responses. For player 1, 3 payoffs (3>2) while for player 2, 4 payoffs (4>0).
Nash equilibrium exists when player 1’s best response is the same as that of player 2. At (UL), both players have their best responses.
2. Condorcet winner and loser
Following these election results, candidate A is the Condorcet winner. This is because in the two instances that A is the preferred candidate (ABC and ACB), the...
2 Pages(500 words)Assignment
Political Economy...Topic: POLITICAL ECONOMY Historically, the United s of America had the responsibility of dictating the rates of tariffs on goods brought to the country. The tariffs played a key role because it was among one of the main contributors of the government revenues. The congresses participated in serious debates in order to harmonize the rates of tariffs as it favored traders from a particular religion. The head of state was also assigned the responsibility of coming up with trade agreements and policies with other trading partners using his political influence. However, there were two landmark legislations that revolutionized the laws that guided trade in the United States of America. In 1930...
5 Pages(1250 words)Essay
