In a critical perspective, commodification is associated with the negative effects of globalisation , causing the dispersion of local value and authenticity while a local culture is aligned to a global economy.
Which is a negative aspect of the commodification of culture?
Major negative effects listed are that it reduces authenticity of cultures; destroys local identity and cultural values; leads to a standardization of culture; turns a local phenomenon into a global one , and all of these result in cultural conflicts (Goulding, 2000; Greenwood, 1978; Halewood and Hannam, 2001; ...
What do you mean by commodification?
Commodification describes the process by which something without an economic value gains economic value that can replace other social values . The process changes relationships that were previously untainted by commerce into relationships that essentially become commercial in everyday use.
What is the downside of the commodification of water?
In conjunction with private companies at the helm of water infrastructure, only those who can afford it will have access. The commodification of water directly threatens the fundamental notion that water is a human right, to be available to all people regardless of their income or economic ability .
How does something become commodified?
Products are commoditized when they must sell at or near a market price . This occurs when consumers see little difference between products such that they always buy based on price. Producers often seek to avoid commoditization by improving the perceived quality of their products to stand out in a crowded market.
Is cultural commodification positive or negative?
Commodification of culture is positive when it allows cultures to be self-asserting or to use cultural commodities to challenge and reshape outsiders’ views. ... Typically they have limited economic opportunities to enter the market and sell their cultural goods as a means for economic survival.
What are the benefits of commodification?
In conclusion, commodification brings advantages in the business environment , and provides opportunities for developing new products and services which meet the increasing demands of the customers for their changing needs and wishes.
What should not be commodified?
Commodification is often criticised on the grounds that some things ought not to be treated as commodities—for example water, education , data, information, knowledge, human life, and animal life.
What’s the difference between commoditization and commodification?
One way to summarize the difference is that commoditization is about proprietary things becoming generic , whereas commodification is about nonsaleable things becoming saleable.
Are human organs being commodified?
The “commodification” of human organs is not something that is still waiting to happen . As things stand, human organs are regarded already as commodities. It is a fact that a black market for human organs already exists. Compensated organ transfers have taken place beyond the reach of the law in many countries.
Why should we privatize water?
The key to effective privatization is maintaining competition . Private firms can quickly become inefficient and wasteful when sheltered from competitive market forces. That being said, in many cases water privatization can improve infrastructure, lower costs and provide residents with the clean, safe water they expect.
Why does Privatisation happen?
Privatization describes the process by which a piece of property or business goes from being owned by the government to being privately owned. It generally helps governments save money and increase efficiency , where private companies can move goods quicker and more efficiently.
Is water more valuable than oil?
Water more valuable and useful than oil
Almost anything you can think of — cars, furniture, books, dishes, TVs, highways, buildings, jewelry, toys and even electricity — would not exist without water. It’s no exaggeration to say water is far more valuable and useful than oil.
Is commoditization good or bad?
Commoditization is a process in which goods which have unique features becomes simple commodities and can be interchanged easily with other alternatives available in the market. ... Commoditization is the biggest challenge for those businesses whose products don’t have unique features.
How does a good become a commodity?
A product essentially becomes a commodity when customers perceive little or no value difference between brands or versions . Price becomes the only differentiation. ... Instead, they come up with a new product or service and they milk it.
What does it mean for water to be a commodity?
The commodification of water refers to the process of transforming water, especially freshwater, from a public good into a tradable commodity also known as an economic good . This transformation introduces water to previously unencumbered market forces in the hope of being managed more efficiently as a resource.
