Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

The Media and Development in an Era of Digitalized Economy

The Media and Development in an Era of Digitalized Economy
View Sample PDF
Author(s): Bassey Okon (NAF School of Public Relations and Information, Nigeria)
Copyright: 2022
Pages: 19
Source title: Handbook of Research on Connecting Philosophy, Media, and Development in Developing Countries
Source Author(s)/Editor(s): Desmond Onyemechi Okocha (Bingham University, Nigeria), Melchizedec J. Onobe (Bingham University, Nigeria)and Mirian Ngozi Alike (Nnamdi Azikiwe University, Nigeria)
DOI: 10.4018/978-1-6684-4107-7.ch005


View The Media and Development in an Era of Digitalized Economy on the publisher's website for pricing and purchasing information.


The chapter looks at the media and development in an era of digitalized economy and how this impacts on the growth of developing countries. It considers the growth in technology and how this has brought the world together as visualized by Herbert Marshall McLuhan in his academic coinage of the expressions ‘the global village' and ‘the medium is the message'. The chapter posits that embedded in McLuhan's concepts are recurring issues relating to the nature of modern media, media concentration or congregation, media efficiency or power, media control in relation to who keeps the media gate. The unfolding consequences of media concentration, media power patterns, rising power of digital media platforms with challenging implications for world economy in the face of growing ‘paperlessness' of money raises concerns over digital money. The chapter posits that money is theoretically returning back to its 'barter era' due to the concentration and growing 'media power' as money mutates from paper to paperless digital reality.

Related Content

Alice S. Etim, Wole Michael Olatokun. © 2024. 20 pages.
Lilian C. Mutalemwa. © 2024. 27 pages.
G. Nixon Samuel Vijayakumar, Vinay Kumar Domakonda, Shaik Farooq, B. Senthil Kumar, N. Pradeep, Sampath Boopathi. © 2024. 34 pages.
Elisha Mupaikwa, Kelvib Joseph Bwalya. © 2024. 35 pages.
Oluwatoyin Catherine Agbonifo, Samuel Ibukun Olotu, Toyosi Ayo Oluwatusin. © 2024. 22 pages.
James S. Etim. © 2024. 19 pages.
Vanessa Hiu Ying Chan, Dickson K. W. Chiu. © 2024. 24 pages.
Body Bottom