Mass Media and Economic Development Essay

Mass media has always been one of the pillars of innovational society. With its wide range and base, it is indubitably, the most effective and efficient way of kitty information dissemination. Yet, instead of jackpot media being a primary scratch for education, it is mostly being used as a medium for delight to show bland, superficial products with little, or no educational value. So, attempting to connect mass media with stinting development would seem as disjoint as humor change and my inability to sour good analogies. Surpri iniquitygly, this is what the last speaker, from The Public world talked ab come forward. The forum cites economic literacy as the main contribution that mass media elicit make to economic development.Defining economic literacy as the ability to identify, test and evaluate the consequences of individual decisions and public policy, the speaker, Mr. Omar Dumdum of NEDA, goes in to explain the ineffectualness of economic education in secondary school therefore, mass media should resign the primary responsibility of promulgating economic literacy, to promote economic development. This can be done, according to Mr. Dumdum, through better economic news writing and insurance coverage, fashioning economic news understandable for the general population, and information dissemination campaigns. there will be some difficulties encountered, of course, as economic science is wrought with technological terms that cannot be easily simplified, but, if information campaigns are done in tandem with better reporting, results can be achieved. Personally, I do look it is possible and feasible. Being someone who believes in the power of mass media to shed light on society, I think mass media could enhance the net economic literacy of the Philippines, which would, hopefully, summation Filipino participation in crucial economic activities, resulting in inclusive economic development. But of course, mass media has internal flaws that prevent this from happening. For one, it bears the inability to make economic news/information exciting, or even understandable.If not for my inside(a) secondary and tertiary education, I would not know anything about our agriculturals economic status, as I regularly skip the rail line section of the papers, because it is simply boring. Economic reporting tends to be too technical, or elitist, so lots so, that for the average Filipino citizen believes that the economic opinion of his/her neighborhood barber is more valid and believable compared to the TV guy in a suit. I am not dismissing the opinion of Manong Barber as incorrect or irrelevant (he might be an economist, who knows), but this points out the preference of Filipinos to opinion-based economic information, over rigorous, empirical economic reporting.And, so I have mentioned, we Filipinos are not entirely at fault. We cannot be goddam for giving more importance to comprehensible information than jargonic gibberish. Also cons idering the incident that public opinion greatly influences economic policies in our country (i.e. sin tax bill), this, all the more makes the medias role in promoting economic development crucial. I do agree with Mr. Dumdums proposed draw close of information campaigns being conducted simultaneously with better news reporting, because better enws reporting alone would not fulfill the expected impact of mass media in the economic literacy of our society.In conclusion, I think that the mass media, is indeed, an important fragment in aiding the development of a Philippines as a globally competitory economy. It is not enough, however to merely educate people about the Economics and the economic condition of our country at present. Public policies, political will, consummate(a) analyses and correct decisions are also parts of the solution to the enigma that is Philippine development. And, in these, mass media can only contribute so much mass media cannot improve the Philippine econ omy alone.