Globalization and Mass Media Essay Example | Topics and Well Written Essays - 1000 words

Globalization and Mass Media - Essay Example The concept of 'Third World' has been replaced by the term 'developing economies', as underscored in this era of globalization. The other side of the coin reveals that institutions such as the IMF showed false hopes to the LDCs (least developing countries), resulting in major crises and disasters (Journal of Libertarian Studies, 2004). James Mittelman in the 'Manifestations of Globalizationargued that globalization was integrally linked to 'multiple levels of analysis: economics, politics and ideology.' The predominance of a few satellite channels over others in international communication, have brought in this concept of 'cultural imperialism'. An aspect of globalization, cultural imperialism is a new form of traditional colonial domination. The fast developing cultural relations between the European nations and the small nation states in the late 19th and early 20th centuries made Pyenson coin the term 'cultural imperialism, which has been used scholars and historians today to describe this era of globalization. Here we argue about the definition of cult... Easy access to information, goods and services has brought the nations under one umbrella. Reazul Haque opined that international channels such as Cable News Network (CNN), British Broadcasting Corporation (BBC) and Music Television (MTV) enjoy the highest viewership. The Internet or the New Media has made information readily available to people all over the world. (Asiatic Society of Bangladesh, 2006) It was the colonial masters, who first practiced social propaganda technology from their home countries through the vehicle of mass media. There was always a tendency to make the subservient to the former imperialist powers. The big superpowers, notably USA dominated the political scene through the tool of media and communication. Schiller affirmed in his book Culture, Inc, that the media has by and large contributed to chronicle the surge of America as a corporate power and also helped in strengthening its ideological base worldwide. (Schiller, 9)Hamelink, referred to cultural imperialism as 'cultural synchronization'. By this, he meant that a particular cultural development in a developed country is immediately passed on to the receiving country through the mode of communication. He spoke about those millions of people, 'who watched foreign television programs, used the international telephone lines and mailing systems, buy recorded music and read the international news. CNN news casts, Madonna, Rupert Murdoch's empire, satellite telephony or transborder data flows, all touch upon people's daily lives around the world'. (Hamelink, 1) John Tomlinson in his book Cultural Imperialism, in chapter entitled 'Media Imperialism', contended that 'to understand the notion of cultural imperialism, we

Newmont Mining Corporation Essay Example | Topics and Well Written Essays - 1000 words

Newmont Mining Corporation - Essay Example Newmont also has many joint venture relationships with different countries around the globe. Newmont Mining Corporation was founded 1916 in New York by Colonel William Boyce Thompson as a holding company which its main aim was to invest in worldwide mineral, oil, and related companies. The name â€Å"Newmont† is a portmanteau â€Å"new York† and â€Å"Montana† that is according to company lore and it reflects where the founder , Thompson, made his fortune and where he grew up. Interests overseas were then acquired over certified reasons and in about the middle of 20th century, it had a controlling interest in the Tsumeb mine in Namibia and in the O'Okiep Copper Company in Namaqualand, South Africa. Today, Newmont Corporation remains as the only standing gold company in the standard and poor’s 500 index (Newmont Company History, 2013). Since it is a mining company, it has established a set of tenets that cover human health, education and rights, community i nvolvement, transparency and accountability and local employment (Kotler & Lee, 2004). The firm’s initiative deals with education and health and most works in the company are done by the local people. This is because the company believes it has a duty to give back to the community. Newmont Company has received funding from the international finance corporation. However, it had to agree that it will fully comply with the international rules on safety and health, natural ecosystems, worker safety, handling of dangerous materials, proclamation programs and water resources. Through the company’s relocation initiative, it offered an important assistance to the local population in the sense that it helped them relocate to safer places, gave them priority in hiring of workers and engagement in numerous assistance initiatives administered the firm’s rural development initiative. It is also significant to note that the firm has engaged in reclamation programs in its mine in Peru but it encountered difficulty when the fragile alpine ecosystem made reclamation hard and expensive. Key stakeholders Newmont Mining Corporation has a wide listed number of stakeholders as stated below. Bruce R. Brook who currently serves as a Director for Boart Longyear Pty. Ltd., Programmed Group (as Chairman) and CSL Limited and also a member of the Financial Reporting Council in Australia and the Audit Committee of the Salvation Army (Southern Command, Australia). Vincent A. Calarco is Director of the Consolidated Edison and CPG International Inc. Mr. Calarco is Newmont's independent Chairman of the Board.he works with other stakeholders in Newmont. Joseph A. Carrabba is the Chairman, President and Chief Executive Officer of Cliffs Natural Resources (formerly known as Cleveland-Cliffs Inc). Gary J. Goldberg who was appointed President and Chief Executive Officer and joined the Board of Directors of Newmont Mining Corporation on March 1, 2013. Veronica Hagen is Chief Exe cutive Officer and a member of the board of directors of Polymer Group, Inc. since April 2007. She currently serves on the Board of Directors for Southern Company. Simon R. Thompson is currently a non-executive director of Sandvik AB (Sweden) and Amec plc (UK). He was a non-executive director of AngloGold Ashanti Ltd (South Africa) from 2004 to 2008 and of United Company Rusal (Russia) from 2007 to 2009 (Newont Company History, 2013). Ethical issues in the case Ethics is an important aspect in a business organization. For a certain company to grow and achieve its visions, missions, targets or goals and objectives, it must set its ethics programs apart from the principles and rules governing it. Most common