Cultural-Products Industries And Urban Economic Development: Prospects For Growth And Market Contestation In Global Context
AbstractThe paper opens with a brief definition of the cultural economy. A first generation of local economic development policy approaches based on place-marketing and associated initiatives is described. The possibilities of a more powerful second-generation approach are then sketched out with special emphasis on localized complexes of cultural- products industries. An extensive review and classification of these complexes is laid out, and their inward and outward relations to global markets are considered. On this basis, a critical discussion of local economic policy options focussed on cultural-products industries is offered. Contrasting examples of development initiatives in major global cities, in selected old manufacturing towns, and in the Multimedia Super Corridor of Malaysia are briefly presented. It is suggested that the growth and spread of localized production agglomerations based on cultural-products industries is leading not to cultural uniformity but to greatly increased diversity at the global level.
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Bibliographic InfoPaper provided by EconWPA in its series Urban/Regional with number 0511005.
Length: 20 pages
Date of creation: 08 Nov 2005
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Find related papers by JEL classification:
- R - Urban, Rural, Regional, Real Estate, and Transportation Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-12 (All new papers)
- NEP-CUL-2005-11-12 (Cultural Economics)
- NEP-GEO-2005-11-12 (Economic Geography)
- NEP-URE-2005-11-12 (Urban & Real Estate Economics)
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