Paper 1 about Chinese media industry Essay Example | Topics and Well Written Essays - 1250 words

Paper 1 some Chinese media industry - Essay ExampleAs markets in westward and Eastern economies opened up, assorted countries in Asia, including Taiwan, South Korea, Singapore, and Hong Kong took advantage of expanding export markets to strengthen their economies. It was in this context that the Chinese state to a lower place Deng Xiaoping decided to institute market reforms, specifically to make their socialist policies more competitive in an more and more spheric economy (Harvey, 2005).Neo-liberal influences were mostly driven by economic stagnation and unemployment in Western countries, which necessitated a new system that diverged from the state interventionist policies introduced under the American New Deal of the 1930s. Under the neo-liberal theories that came to dominate global economics thinking in the 70s and 80s, state intervention in markets was greatly discouraged with the expectations that self-regulating markets were the opera hat way to tackle economic stagnatio n (Selden, 1993). It was within this context of a neo-liberal revolution in Western economies that Chinese market and media reforms began. Increasingly, chinawares integration with the global economy, which was based on neo-liberal theories, supported by free market Western economies, necessitated reforms in the allocation market economy supported by China under the previous Mao regime. When China finally opened up its markets to the global economy, there was a dramatic inflow of FDI and the state began to openly support moves towards market freedom (Selden, 1993).This meant that China started to experience standardized effects to its economy as the neo-liberalized global economy, which increased the capitalization of Chinas elites in equality to its ordinary citizens (Zhao, 1998). The historical context within which media and market reforms took place in China mainly had to do with the Communism vs. Capitalism debate, which characterized relations between Western economies and Ea stern economies. Media reforms also took place within this