Media Clusters and Media Cluster Policies
AbstractLarge media clusters have emerged in a limited number of large cities, characterizing the geographical concentration of the global media industry. This paper explores the reasons behind the localization patterns of media industries, the effect of the rapid advancement of Information and Communication Technologies (ICT) on media clusters and the role of media cluster policies. One might draw the conclusion that with the developments of the ICT sector and the fact that there are no raw materials or physical goods that should be transported in the media industry; media firms could locate anywhere and the urban regions would no longer host any clusters of media firms. Various reasons are provided as to why strong tendencies of media firms to cluster in large cities should still be expected and why media clusters differ from other clusters. The paper concludes that it is the type and form of interaction and transactions that matter and new communication technologies are mainly compliments to the still essential face-to-face interaction in the media industry. Policy makers have promoted agglomeration in both large and small cities since they have recognized that some media industries are encouraging economic growth and employment creation. Approaches to cluster governance and motivations for cluster policies are highlighted in the paper. Furthermore, different topics of future research challenges connected to media clusters are presented.
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Bibliographic InfoPaper provided by Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies in its series Working Paper Series in Economics and Institutions of Innovation with number 246.
Length: 31 pages
Date of creation: 24 Mar 2011
Date of revision:
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Postal: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden
Phone: +46 8 790 95 63
Web page: http://www.infra.kth.se/cesis/
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Clustering; media industry; media cluster policies; creative industry; Information and Communication Technology; Weightless Economy; regional development; agglomeration;
Find related papers by JEL classification:
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-02 (All new papers)
- NEP-CSE-2011-04-02 (Economics of Strategic Management)
- NEP-CUL-2011-04-02 (Cultural Economics)
- NEP-GEO-2011-04-02 (Economic Geography)
- NEP-ICT-2011-04-02 (Information & Communication Technologies)
- NEP-URE-2011-04-02 (Urban & Real Estate Economics)
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