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How Does Globalization Affect Canada

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Globalization, while beneficial in some ways, namely makes it impossibly difficult for a country to nationalize its products. With an international economic network, many countries have been propelled into markets they were not prepared for, and subsequently were pushed down by the others. This is true in the case of the film industry as well. It is well known that the United States has essentially monopolized the production of films, and while many countries around the world have still managed to produce their own and express their own sense of cultural identity through them, Canada has famously failed in its attempts. The Red Violin, first premiering in 1998, was Canada’s biggest budget film and subsequently greatly overdetermined by the market as a result.

In comparison to the U.S, who not only averages a greater budget per film but also spends a higher percentage of that on advertising, Canada’s mere …show more content…
The Red Violin still reigns today as the biggest budget given to any Canadian film, and though it made nowhere near close to that in box office revenues, it is still seen as a major success. There is a systematic disadvantage brought upon by globalization and the heavy saturation of the theatrical market by Hollywood blockbusters. The solution should not be to siphon funds from public sector agencies, nor is the issue the undercapitalization of feature film production. Evidently, all that results in is a film that was the result of privatized companies receiving allocated funds. A film that was promoted as an emphasis on nationalist economism, but featured only a few moments of Canadian culture. Most ironically of all, the film itself doesn’t even finish in Canada. It finishes in the United States of

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