Chapter 2: The Creative Industries and Entrepreneurship in East and Southeast Asia
Desmond Hui INTRODUCTION For many, the creative industries represent a variegated notion for describing a rising economic sector, the dynamics of industrial collaboration as well as the changing landscape of the employment market. The rise of the creative sector concurrently underscores the deep-seated transformation of the economic domain from a manufacturing-based economy to one that is essentially consumption-based, by which culture is rediscovered as one of the most important resources for economic development. Creative industries are not new and could be identiﬁed in the conventional typology of economic activities. The advocacy of service-enhanced manufacturing (SEM), the notion of the ‘value-added economy’ and the support of small and medium-sized enterprises (SMEs) all seem to converge with the promotion of a creative economy as a result of the economic transformation and restructuring in most Asian cities in recent years. The creative industry sector, belonging mainly to the services sector which comprises around 85 per cent of the whole economy in Hong Kong, concerns transforming intangible assets into production processes as well as the distribution of goods or services of symbolic values and social meanings. The usual means of measuring the economic value of the creative industry sector is the contribution of the sector to gross domestic product (GDP) in terms of its distribution growth, as compared to the overall economic growth, as well as the sector’s potential for job creation in terms of employment share in the overall working population. The UK model of mapping has been emulated by many Commonwealth...
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