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Economy and Nightlife - Essay Example

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Today's fast paced modern world offers a lot more than was previously imaginable! Every aspect of our lives is influenced not just by local, but also national and international factors, that govern our lives today. The enhancement and growth of communication channels, the spreading of production and consumption across the world and the changing lifestyles due to the influence and merging of cultures have become the order of the day…
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Economy and Nightlife
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Today, we can witness a number of changes and growing trends that characterize the economies of varied countries. Globalization and the growth of industries have led to a new culture of sorts---the infusion of night-life and the MNC culture in various countries, especially the developing nations that are growing accustomed to these changes. This cultural change has brought about an impact on the economy and the market conditions, as well. This paper strives to highlight this new phenomenon and links nightlife to the growth of the economy.
The blossoming of 'night-life' and such other related phenomenon took place in the 1980s, when companies began looking for across-the-border initiatives and began perceiving the whole world as a global village. Let us analyse the causes for the growth of night-life, in order to comprehend its importance and how it has been an instrument of change in affecting the economy.
Firstly, the changing structures of the cities contributed immensely to the linear setting up of producers and consumers. For instance, the central market areas of cities were cleared and shifted to other regions, which led to a change in not only the physical structure, but also in the culture of the cities. " Later on, this led to the capital construction and restructuring of cities, that paved way for greater potential. Hanging on in many cities in the mid-1970s the central business districts (CBDs) represented a fixed capital that companies were extremely reluctant to write off. This was not just in terms of buildings but also of land." (Harvey, 1985a; 1989).
Secondly, growing competition among various cities to create a mark and an image for themselves, not only on the national level, but also in t he newly found global market led to a number of changes. In addition it created tensions within the local polity as planners trained to deal with the city as a system of objective factors (Hall, 1988) were faced with notions of urban cultures and spaces that few were equipped to deal with.
Thirdly, the boom in consumption and the growth of the importance of consumerism led to this new culture. The cities oriented themselves in terms fo consumption and not production, which led to a new lease of cultural milieu. In the 1980s the (unevenly) revalorized city centre emerged as a new landscape of buildings, enterprises and signs concerned with the organisation and exploitation of consumption. This economy of consumption (distribution and marketing), unlike the economy of the production and exchange of goods (manufacturing and trade) had a much looser relationship to the local area. [Cities and the Night-time Economy, ANDY LOVATT & JUSTIN O'CONNOR].
Finally, the newly emergent culture as a result ...Download file to see next pagesRead More
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