WYEF | Citizens no longer belong to one country, but to the world.
中英图文by Brenda Lai
This summer, I went to Shanghai to attend the WYEF which is the international economics conference held by Yale University. And I gained a lot of knowledge about economy, especially about the relationship between economy and news media.
First let's take a look at the current state of the news media. In the last century and since, the rapid development of the Internet industry allows information to be transmitted to all parts of the world in more effective and efficient channels. And, because of the widespread popularity of the Internet, more and more people are changing the way they access information — directly browsing social media updates to get eye-catching news from all corners of the world.
Although such a change is a good opportunity for businessmen in the new news industry to make a profit, the traditional news industry, especially the print news industry, is suffering great challenges and losses, and has even caused a large number of layoffs in the industry worldwide. At the same time, more and more people begin to distort the essence of a journalist to convey the truth for the sake of interests, and the wrong information will sometimes affect the public opinions and decisions.
Therefore, for the media industry, they are facing great challenges and need to successfully combine the Internet and traditional news industry for sustainable development. And the most important problem to solve now is to improve the way you used to get funding - advertising. To come up with more ways to support industry funding, such as corporate sponsorship.
The news media industry, it seems, has little to do with economics. But in fact, everywhere in life there are economic existence, everywhere people face choices and opportunity costs. Since the news media plays the role of disseminating information and public opinion, the fair, open and orderly conduct of the news industry is related to the economic development and transformation of all parts of the world.
Of all the current confusion in this area, one thing is certain: the world is getting smaller, and global problems are getting bigger. Citizens no longer belong to one country, but to the world. The news media has also brought economies closer together around the world.