Globalisation and the Mass Media Essay Example | Topics and Well Written Essays - 2500 words

Globalisation and the Mass Media - Essay ExampleAs the report discusses globalisation can mean many things. There is the economic component of globalisation that is defined as the integration of national economies into the internationalist economy through trade, direct foreign investment, short term capital time periods and international flows of workers and humanity in general. As a by product of this economic globalisation is the flow of ideas and culture across national borders. The separate definition of globalisation is the freer movement of goods, services, ideas and people around the creative activity. This definition encompasses the qualitative aspects of globalisation in the sense that it goes beyond mere numbers in specify the exchange of information in a borderless world.This paper stresses thattrade and commerce among nations has always been the causal agency since the first ships carrying silk, spices and muslin from the east and other exotic stuff from the west has set forth for each others shores. In fact, the famous voyage of Christopher Columbus is a testament to the ability of nations to seek go forth markets other than their own for trade. Though the world was integrated in colonial times as well, the shape received a setback in the 21st century in the intervening period between the two world wars. It was only after the establishment of the Bretton Woods system that the world economy started refurbishment some of its interconnectedness.