[ UNIVERSITY OF MALAYA ]

WORLDBEATER,INC
AND
A WORLD VIEW
[TUTORIAL 4]
ANBUARASU SUKUMARAN
EEE070026

FACULTY OF ECONOMICS / INTERNATIONAL ECONOMIC ISSUE / 2008 / EXEE2108

WORLDBEATER, INC

PRO’S CON’S

 Bringing advanced technology to  Exploit workers and natural resources

poorer countries and low-cost with no regard for the economic well-
products to wealthier ones being of any country or community

 Plays important role in global  High wage workers lose their jobs
investment

 Play a key role in spread abroad the  Make it harder for government to
technology around the globe raise revenue, protect the
environment, and promote worker
safety (a fall in social protections)
 Produce cheapest sources of labour

 Give impacts on local traditional

 It’s also forces government to be economy
more careful before imposing costly

 Brings cultural homogenization

 Mergers and acquisitions of locally
multinational companies help other
companies to achieve economies of
scale in marketing and distribution  Exert power in a exploitative way
(allows well managed companies to (manipulate)
take over poorly managed companies)

 Allow entire world to improve their

standard of living and provide access
of quality product to entire world
regardless of place

 Providing new economic opportunity

for local economies

 Have a wider market. Huge market

has been created domestically and
internationally
A MARKET VIEW

PRO’S CON’S

 Huge increase in the capacity of  Many people resent what they see
Broadcasting. as foreign
influence on national politics

 Language and culture helped

create market  Some worry that this foreign
for American exports invasion will
destroy local cultures

 Falling cost of distribution, as  Others fear of homogenization of

digitization distinctive
has cut annual operating cost national and regional taste

 European broadcasters in particular

have
become huge markets for imported
Television programming. As a
result, this
continents runs a large and
growing account
deficit

 Global competition threatens the

survival of
the high cost programming that
many state
owned broadcasters in Europe
produce