Korea Mass Media Regulation and International Ownership Guidelines

 Essay on Philippines Advertising Law and Foreign Possession Rules

The overall prohibition against foreign title of Philippine mass media illustrates a wider polemic about nationalism - as a legit priority intended for constitutional security, as opposed to for being an appealing mass strategy for personal rhetoric. Within this theoretical environment, I propose a differentiated analysis of the issue of overseas ownership forbidance in advertising. I bring three (3) brief lines of evaluate against the total prohibition of foreign ownership of Philippine mass media. First, I argument the traditional " public interest" justification intended for barring any kind of form of international ownership in mass media inside the Philippines, exhibiting that the anxiety about " foreign influence" more than media content relies on an true political real truth that is absolutely not self-evident, much less materially relevant from evidently (and already) " internationalized" Philippine press practices. Second, I problem the acted assumption that foreign possession restrictions boost economic growth through wholly-owned Filipino firms, showing there is no tight causal nexus between total exclusion of foreign control and the improvement of aktionar value of Philippine advertising companies. Actually as many scientific studies assert, at least some degree of foreign ownership, even in media industries, has tended to improve home economic expansion in developing countries, throughout the infusion of necessary capital and the dismantling of monopolistic structures.

Third, and the most crucially, I argue that the constitutionalization of the complete prohibition against foreign ownership merely creates a hassle-free ideological cover that a lock in particular and created oligarchic interests which have very long since completely outclassed Philippine mass media. Instead of becoming a significant constitutional policy, " nationalism" acquires disutility through its decrease to pure inflammatory personal rhetoric, as in the case of the foreign ownership prohibition in mass media. The latter not only stifles...

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