Economy and Nightlife Essay Example | Topics and Well Written Essays - 1000 words

Economy and Nightlife - Essay ExampleToday, we can witness a number of alterations and emergence trends that characterize the economies of varied countries. Globalization and the growth of industries have led to a virgin culture of sorts---the excerpt of night-life and the MNC culture in various countries, especially the developing nations that are growing accustomed to these changes. This cultural change has brought about an impact on the economy and the market conditions, as well. This paper strives to highlight this new phenomenon and cogitate nightlife to the growth of the economy.The blossoming of night-life and such other related phenomenon took place in the 1980s, when companies began looking for across-the-border initiatives and began perceiving the whole human being as a global village. Let us analyse the causes for the growth of night-life, in order to grok its importance and how it has been an instrument of change in affecting the economy.Firstly, the changing struc tures of the cities contributed immensely to the linear setting up of producers and consumers. For instance, the central market areas of cities were cleared and shifted to other regions, which led to a change in not but the physical structure, but also in the culture of the cities. Later on, this led to the capital construction and restructuring of cities, that coat way for greater potential. Hanging on in many cities in the mid-1970s the central business districts (CBDs) equal a fixed capital that companies were extremely reluctant to write off. This was not just in impairment of buildings but also of land. (Harvey, 1985a 1989).Secondly, growing competition among various cities to create a mark and an image for themselves, not only on the national level, but also in t he newly open global market led to a number of changes. In addition it created tensions within the local polity as planners trained to deal with the city as a system of objective factors (Hall, 1988) were faced with notions of urban cultures and spaces that few were equipped to deal with.Thirdly, the boom in consumption and the growth of the importance of consumerism led to this new culture. The cities oriented themselves in terms fo consumption and not production, which led to a new train of cultural milieu. In the 1980s the (unevenly) revalorized city centre emerged as a new landscape of buildings, enterprises and signs concerned with the organisation and exploitation of consumption. This economy of consumption (distribution and marketing), unlike the economy of the production and exchange of goods (manufacturing and trade) had a much looser relationship to the local area. Cities and the Night-time Economy, ANDY LOVATT & JUSTIN OCONNOR.Finally, the newly emergent culture as a result