Creative Industries a Development Opportunity
IMF Podcasts, September 9, 2016
Source details
- Canonical URL
- Creative Industries a Development Opportunity
Other formats
Bibliographic details
- Published: September 9, 2016
Overview
- Publication date: September 9, 2016
- Episode focus: the development potential of cultural and creative industries
- Central claim: a country’s cultural wealth presents a huge development opportunity (as advanced by Patrick Kabanda)
Key findings and statistics
- The United Nations estimates the global creative economy in 2011 generated more than $600 billion.
- Digital music sales generated $15 billion in 2015.
- Patrick Kabanda is the author of "Music Going for a Song" published in the September 2016 edition of Finance & Development Magazine.
Guests and contributors
- Guest: Patrick Kabanda, Consultant for the office of the Senior Vice President and Chief Economist at the World Bank
- Behind the mic:
- Bruce Edwards — International Monetary Fund. Bruce Edwards produces the IMF podcast program; he is an award-winning audio producer and journalist who has covered armed conflicts, social unrest, and natural disasters from all corners of the world.
- Rhoda Metcalfe — independent journalist and audio producer.
Implications highlighted
- Cultural and creative sectors represent a significant economic opportunity for development, as emphasized by the guest.
- The scale of the global creative economy and recent digital music revenues point to measurable market value within creative industries.