Creativity is key to economic growth
November 26, 2010 Leave a comment
The ‘creative economy’ is an evolving concept based on the potential of ‘creative assets’ to generate socio-economic growth and development. The term ‘creative economy’ is more or less the same as the more common terms in the UK, the creative economy/cultural industries. The report claims that if effective public policies are put in place, the creative economy could generate development dimensions, offering new opportunities for developing countries to leapfrog into high-growth areas of the world economy.