CMNS 230 Lecture Notes - Lecture 7: International Monetary Fund, Carl Von Clausewitz, Trade Wars
31 Oct 2017
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Document Summary
As long as there been trade among nations, there has been trade in culture. But trading culture is speeding up really fast: 2010 reports show creative industries exports grew by 14% per year between 2002 and. 2008 (this is huge: 11. 7% of this increase was in exports of cultural goods, 17% of this increase was in export of cultural services, netflix falls under services category (cid:862)trade wars(cid:863) Outsourcing occurs when costs of buying an import are cheaper than making: making tv drama is really expensive. It costs -5 million per episode, but only a few hundred thousand to buy the american episode and air on the canadian televisions. Cultural xenophobia: are you just afraid of what is seen as foreign, people say that this is going against freedom of speech. Incumbent advantage: advantage of those that are already large to secure favourable trade conditions/favourable market conditions, these are countries with smaller industries.
