"Designed as a text with introductions to each section and chapter, the volume brings together diverse perspectives on globalization and communication and includes significant emerging aspects of International Communication research such as diaspora audience and global publics." (Publisher descripti
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on)
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"In this volume of essays edited by Anya Schiffrin, media capture is shown to be a growing phenomenon linked both to the resurgence of authoritarian governments as well as to the structural weaknesses presently afflicting media markets. In this environment, political figures and economic elites are
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colluding to undermine the independence of privately-owned media, and efforts to stop this collusion by activists, regulators, and the international community have proven to be ineffective." (Publisher description)
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"Over the last two years, the Initiative for Policy Dialogue and Revenue Watch, working with local partners and other sponsors, have organized workshops for journalists in the oil-exporting countries of Azerbaijan, Kazakhstan, and Nigeria on the subject of “Covering Resource Wealth.” This book i
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s a result of those workshops, in which journalists expressed a great need for more information to help them understand the petroleum industry and the impact that petroleum development and export may have on their countries [...] [htis book] will provide journalists with practical information in easily understood language about the petroleum industry and the impact of petroleum on a producing country. The report contains tip sheets for reporters on stories to pursue and questions to ask. Sample stories are also included. A resource section recommends further reading. A glossary defines key financial, geological, and legal terms that can improve reporters’ understanding of the literature on petroleum development. We hope that this book will give journalists the background information they need to write in-depth, analytical, critical, and informative pieces on energy and development—a subject affecting millions of readers around the world." (Foreword, page 7-8)
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"Clearly as important providers of information, the media are more likely to promote better economic performance when they are more likely to satisfy three conditions: the media are independent, provide good-quality information, and have a broad reach. That is, when they reduce the natural asymmetry
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of information, as Joseph Stiglitz puts it in chapter 2, between those who govern and those whom they are supposed to serve, and when they reduce information asymmetries between private agents. Such a media industry can increase the accountability of both businesses and government through monitoring and reputational penalties while also allowing consumers to make more informed decisions.
This book cites many examples that demonstrate the value of information provided by the media. Alexander Dyck and Luigi Zingales (chapter 7) discuss how the media can pressure corporate managers and directors to behave in ways that are socially acceptable, thereby avoiding actions that will result in censure and consumer boycotts. They also report that in Malaysia, a recent survey of institutional investors and equity analysts asked which factors were most important to them in considering corporate governance and the decision to invest in publicly listed corporations. Those surveyed gave more importance to the frequency and nature of public and press comments about companies than to a host of other factors considered key in the academic debate. However, the dissemination of credible information in a timely manner depends critically on how the media business is managed and regulated. The chapters in this book document evidence on media performance and regulations in countries around the world and highlight what type of public policies and economic conditions might hinder the media in supporting economic development in poor countries." (Pages 1-2)
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