## Creative Industries a Development Opportunity

_IMF Podcasts, September 9, 2016_

## Source details

**Canonical URL:** [Creative Industries a Development Opportunity](https://www.imf.org/en/news/podcasts/all-podcasts/2017/11/11/creative-industries-a-development-opportunity)

## Other formats

- [Markdown version](/en/news/podcasts/all-podcasts/2017/11/11/creative-industries-a-development-opportunity/index.md)
- [Structured JSON version](/en/news/podcasts/all-podcasts/2017/11/11/creative-industries-a-development-opportunity/index.json)
- [Bundle manifest](/en/news/podcasts/all-podcasts/2017/11/11/creative-industries-a-development-opportunity/bundle-manifest.json)

## Bibliographic details
- Published: September 9, 2016

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### 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.

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## Content in this bundle

- [Kabanda (MP3)](/-/media/websites/imf/imported-podcast/imported-podcast-mp3/external/podcast/2016/kabanda.mp3){rel="external" type="audio/mpeg"}

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_Source: https://www.imf.org/en/news/podcasts/all-podcasts/2017/11/11/creative-industries-a-development-opportunity_