A created by television, the Internet, and other globally shared media such as movies now permits different cultures and peoples to develop common expectations about right and wrong, desirable and undesirable, heroic and cowardly.

The answer is "global culture"

Explanation:

In the world, an order to cast aside several regional companies, local markets, and global economies run by nationalist policymakers.  

there is no universally accepted definition of art. although commonly used to describe something of beauty, or a skill which produces an aesthetic result, there is no clear line in principle between (say) a unique piece of handmade sculpture, and a mass-produced but visually attractive item. we might say that art requires thought - some kind of creative impulse - but this raises more questions: for example, how much thought is required? if someone flings paint at a canvas, hoping by this action to create a work of art, does the result automatically constitute art?