Globalization, Fractionalization and Convergence

Paper Summary:

This paper first defines the concept of fractionalization, describes how it relates to the television, magazine, and radio industries and provides examples. It then gives an opinion regarding the effect of fractionalization both on the media and on society. Secondly, this work defines the concept of globalization, describes how it relates to the television, recording and film industries and provides examples. The following questions are answered of "What is the effect of globalization on the cultures of the world? What is the political effect of globalization? Who does it benefit? Who does it harm?". The answers are backed up with opinions on the subjects. Lastly, this work defines the concept of convergence, describes how it relates to the television, Internet and recording industries and then answers the questions of: "How would convergence affect our daily lives? Would it be positive or negative for our society?"
Outline:
Objective
I. Fractionalization and Its' Relation to Television, Magazine and Radio Industries
II. What is the Effect of Globalization on the Cultures of the World?
III. What is the Political Effect of Globalization?
IV. Who Does It Benefit/Harm?
V. Definition of Convergence
VI. How Would Convergence Affect Our Daily Lives?
VII. Would it be Positive or Negative for our Society?
Works Cited

From the Paper:

"There are inherent benefits naturally for societies integrating through sharing of knowledge however on a business level the smaller business are being ingested by the larger companies in the form of acquisitions that the small business owners are unfortunately giving in to. Globalization benefits business with lower costs and better supplies as well as more markets. The benefits to developing countries are in the form of the creation of jobs and tax revenues. Developed countries benefits are in relation to production increase, import/export as well as growth on a corporate level. Globalization has unfortunately affected wages lowering them while jobs are outsourced and there is evidence economic uncertainly due to globalization for many.

Opinion:
While it is true that globalization does benefit bigger big business and promotes political agendas, as well it allow for sharing of knowledge in medicine and sustainability measures and other critical information. Globalization has been both positive and negative for today's society."

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