Do We Underestimate the Benefits of Cultural Competition?

Economic globalization has drawn fresh attention to cultural issues. The Uruguay Round of trade negotiations debated whether there should be a protectionist "cultural exception" for television and movies, as practiced by the French, Canadians, Brazilians, South Koreans, and Chinese to vary...

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Bibliographic Details
Published in:The American economic review 2004-05, Vol.94 (2), p.402-407
Main Authors: Caplan, Bryan, Cowen, Tyler
Format: Article
Language:English
Subjects:
Advantages
Brazilian culture
Chinese culture
Competition
Consumer economics
Consumers
Consumption
Cultural diversity
Culture
Economic competition
Endowment
Fans (Aficionados)
Geography
Globalization
Hypotheses
International markets
International trade
Korean culture
Linguistics
Motion picture directors & producers
Movies
Multiculturalism & pluralism
Musical performances
Musicians & conductors
Novels
Singers
Trade
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Summary:Economic globalization has drawn fresh attention to cultural issues. The Uruguay Round of trade negotiations debated whether there should be a protectionist "cultural exception" for television and movies, as practiced by the French, Canadians, Brazilians, South Koreans, and Chinese to varying degrees. Governments around the world subsidize culture, in part to favor one national tradition over potential competitors. More generally, cultural questions are central to broader critiques of trade and globalization. This paper suggests that market competition across cultures is desirable and favors relevant notions of diversity.
ISSN:0002-8282
1944-7981
DOI:10.1257/0002828041302154