ECONOMY: IS THE MEDIA TO BLAME?
While consumers in North America and Europe are generally critical of the media for failing to provide enough warning of the global economic crisis the majority of those in the Asia Pacific region feel the media has done a good job.
Editor and Publisher, reporting on the study by The Nielsen Company, highlights the fact that criticism appears to be strongest where the crisis is hurting the most. Regionally it's the media in the Philippines, Indonesia and India that comes out best. There is no Thailand-specific data as yet but I wonder whether the average person on the street here feels the media has done a good job?
One could argue the media has done a lot to make the crisis worse by its often blanket coverage, but I feel the amount of coverage is indicative of the seriousness of what is happening.
1 comments:
"...the media did a poor job informing the public about the issues leading up to the current financial crisis."
This is a problem with economics reporting. If readers followed a good economics blog like Economsit View they would have learned about the details as they were being understood, but the fact is that even the experts have only gradually understood what is happening.
But simplified book backgrounders have just come out in the last month like Gillian Tett of FT's "Fools Gold" on credit derivatives which very readable and Paul Mason of BBC's Meltdown with its general overview of the crisis.
Economics reporting is evolving quickly at least in US and UK.
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