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The invasion of American music?

Many people are frightened at the idea that cultural products from abroad invade their country and displace local cultural products.

Ferreira and Waldfogel were interested in the particular case of the music and we finally show that if there is one country which should not be afraid, it is the United States!

This chart shows the market share of each country in total exports of music. For comparison purposes, the market share is divided by the share of production in the country world GDP. We realize that the U.S. never really stood out, unlike other countries. They have consistently had a level of music export slightly less than what one might expect from a country this size!