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Although “globalization” has been widely addressed in the tradition of international communication, media reporting of it has not gained much attention in the globalization debate. This study is designed to collect some empirical evidence on the meaning construction of the 1997 Asian economic crisis and the International Monetary Fund bailouts within the context of the newly emerged “globalization” news paradigm. The examination of major themes, described causes and solutions to the crisis, and story context of five countries' news reports helps to detect the existence of a pro-neoliberal news frame.
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