The elite media framing the emerging markets : a textual analysis of Mongolian case in the Wall Street Journal

Abstract

[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT AUTHOR'S REQUEST.] This textual analysis addresses how The Wall Street Journal framed Mongolian economic and political image in the global capital market from 2012 to 2017. Three main frames were identified: sovereignty, resource nationalism, and supranationalism. Among them, The Journal constructed the salient frame that embraced the international control over Mongolian credibility by questioning both the foundation and the regulation of the Mongolian government. This framing was accomplished through The Journal's predominant reliance on elite sources. The study found that the international elite sources built up 76 percent of total sources in the coverage. The practical implications of this study suggest that The Journal could balance its source selection and the Mongolian government could provide more access to The Journal. In a broader sense, this analysis defines The Journal as an example of the elite media and considers the newspaper's process of constructing the news as a way to understand how emerging markets are framed by the media within a globalization.