How Has Globalization Affected the Art of Today? What Place

question 13

Essay

How has globalization affected the art of today? What place does diversity occupy in the art world, and what are some nationalistic concerns explored by artists? Should ethnicity and/or nationality determine what an artist creates? Explain.

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Definitions:

Acquisition

The process of obtaining control of another corporation or asset.

Disposal

The act of getting rid of an asset through sale, exchange, retirement, or destruction.

Accounting Equation

The fundamental principle of double-entry bookkeeping: Assets = Liabilities + Equity, depicting the relationship between a company's resources and claims on those resources.

Historical Cost Principle

An accounting principle that states assets should be recorded and reported at their original purchase cost.