The Impact of Counterfeit Media on the Economy and Relations of GCC Countries

Running head: THE IMPACT OF COUNTERFEIT MEDIA ON THE ECONOMY AND
RELATIONS OF GCC COUNTRIES
The Impact of Counterfeit Media on the Economy and Relations of GCC Countries
Name of the Student
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Author Note

1
THE IMPACT OF COUNTERFEIT MEDIA ON THE ECONOMY AND RELATIONS OF
GCC COUNTRIES
Table of Contents
Introduction................................................................................................................................2
Problem Statement.....................................................................................................................2
Research Objectives...................................................................................................................3
Preliminary Literature Review...................................................................................................4
Literature Review.......................................................................................................................4
Research Methodology...............................................................................................................5
References..................................................................................................................................6
Interview Responses...................................................................................................................7

2
THE IMPACT OF COUNTERFEIT MEDIA ON THE ECONOMY AND RELATIONS OF
GCC COUNTRIES
Introduction
Media, has always been one of the most powerful tools for facilitating
communication, sharing public opinions and also in influencing the opinions and perceptions
of people regarding various aspects of global as well a country specific economies, societies,
cultures, politics and other domains. With international phenomena like Globalisation,
liberalisation as well as technological and infrastructural progresses, the world has become
more inclusive, integrated and interconnected, thereby indicating towards the fact that the
economic, social and political dynamics of one country have considerable impacts on other
countries (Gerbaudo, 2018). The media plays a considerably crucial role in this scenario,
acting as the medium for information dissemination and awareness generation among people.
However, with the increasing power of media, the loopholes of the same can also be seen to
be becoming more prominent. Keeping this into consideration, the concerned research
proposes to study one such loopholes, of that of increasing problem of counterfeit or false
media and the impacts of the same in economy as well as relations of the Gulf Cooperation
Council countries in the recent periods.
Problem Statement
In the contemporary period, the problem of counterfeit media and fake news
circulation across the globe have become issues of immense concern among the governments
as well as common population across the world. The problem, however, can be seen to be
increasingly prevalent in the Gulf countries or the Middle Eastern countries, where both the
frequency of fake news and the magnitude of its implications can be seen to be considerably
high. Counterfeit media has been an uprising problem in these areas due to the presence of
various political and business lobbies and interest groups, lack of freedom of speech in
reality, exogenous and endogenous pressures as well as due to the presence of huge economic