nep-cul New Economics Papers
on Cultural Economics
Issue of 2023‒11‒27
three papers chosen by
Roberto Zanola, Università degli Studi del Piemonte Orientale

  1. Visual Bias By Giulia Caprini
  2. International Relations And Global Politics: Germany’s Cultural Diplomacy: A Political-Logical Case Study Of Friedrich-Ebert-Stiftung In Vietnam By blessing, elisha; eric, charles; alexis, serena
  3. Digital Intelligence and Investment in Digital Real Estate Assets in the Metaverse: Literature Review By David Akinwamide

  1. By: Giulia Caprini
    Abstract: I study the non-verbal language of leading pictures in online news and its influence on readers’ opinions. I develop a visual vocabulary and use a dictionary approach to analyze around 300, 000 photos published in US news in 2020. I document that the visual language of US media is politically partisan and significantly polarised. I then demonstrate experimentally that the news’ partisan visual language is not merely distinctive of outlets’ ideological positions, but also promotes them among readers. In a survey experiment, identical articles with images of opposing partisanships induce different opinions, tilted towards the pictures’ ideological poles. Moreover, as readers react more to images aligned with their viewpoint, the news’ visual bias causes issue polarization to increase. Finally, I find that media can effectively slant readers using neutral texts and partisan pictures: this result calls for the inclusion of image scrutiny in news assessments and fact checking, today largely text-based.
    Date: 2023–05–03
  2. By: blessing, elisha; eric, charles; alexis, serena
    Abstract: I. Introduction In the intricate tapestry of international relations and global politics, cultural diplomacy stands out as a powerful tool, weaving connections, bridging gaps, and fostering understanding between nations. Within this framework, Germany has long been a stalwart proponent of cultural diplomacy, recognizing its potential to shape perceptions, influence policy, and facilitate meaningful dialogue on the world stage. At the heart of Germany’s cultural diplomacy efforts lies the Friedrich-Ebert-Stiftung (FES), an institution whose initiatives in Vietnam serve as a compelling case study. This exploration delves into the intricacies of FES’s endeavors, dissecting the political and logical dimensions that underpin its initiatives in Vietnam. The study of FES’s cultural diplomacy in Vietnam provides a unique lens through which to examine the intersections of politics and logic within the realm of international relations. By narrowing our focus to this specific case, we embark on a nuanced analysis of the deliberate strategies, collaborative partnerships, and socio-political impacts that characterize Germany’s engagement with Vietnam. In understanding the political motivations that drive cultural diplomacy and the logical discourse that accompanies it, we gain valuable insights into the broader landscape of global politics. This study endeavors to unravel the layers of Germany’s cultural diplomacy by probing into the multifaceted approach adopted by FES in Vietnam. As we navigate through the historical context of Germany-Vietnam relations and the conceptual underpinnings of cultural diplomacy, we lay the groundwork for a comprehensive analysis. Through an exploration of FES’s objectives, methods, and the outcomes of its initiatives, we aim to decipher the intricate dynamics at play. From educational programs fostering political awareness to cultural exchanges nurturing logical thinking, each facet of FES’s involvement underscores the symbiotic relationship between politics and logical discourse in diplomacy.
    Date: 2023–10–14
  3. By: David Akinwamide
    Abstract: Digital technologies has transformed human experience in the virtual world. Metaverse work as a network of 3-D virtual worlds where human can interact, carry out business, and build connections through their ‘avatars’ or digital identity. These would also grant an access to digital ecosystem through its own currency, property and possessions. In the metaverse, disruptive technologies (such as AR and VR, Blockchain, AI, 3D reconstruction and IoT) support the trading of digital real estate assets (such as sales and purchase of virtual lands) in the form of Non-Fungible Tokens (NFTs). Investment in real estate metaverse is currently experiencing a great return. Presently, real estate sales in the metaverse have been concentrated on the 'Big Four' — Sandbox, Decentraland, Cryptovoxels and Somnium. Therefore, investment in digital real estate assets require some degree of skills and competencies in the metaverse. The concept of digital intelligence is a set of skills needed by investors to meet digital technologies' demand in trading of digital real estate assets and the virtual world's challenges. This paper therefore explore the need for digital intelligence in investing in digital real estate assets in the metaverse from a theoretical perspective. Review of relevant literature in the subject area was adopted for this study. This paper outlined the major benefits of digital intelligence in the purchase of digital real estate assets as identifying the virtual land with the highest traffic, understanding the digital footprints in a geospatial context among others. This paper provide policy implication on the need for investors in digital real estate assets to acquire necessary digital skills (such as digital: identity, rights, security, safety etc.) for a successful business transactions (sales and purchase of digital assets) in the metaverse.
    Keywords: Digital Assets; Digital Intelligence; Digital Real Estate; Metaverse
    JEL: R3
    Date: 2023–01–01

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