Entrepreneurship in the Creative Industries

Entrepreneurship in the Creative Industries

An International Perspective

Edited by Colette Henry

The creative industries represent a vital, exciting and rapidly changing field of activity; one that is now recognised as a key growth sector in the knowledge-based economy. However, there is still a general lack of understanding of what is meant by the term ‘creative industry’, and thxe creative sector has not, to date, been the subject of concerted academic research. This book redresses the balance by providing valuable insights into the creative entrepreneurial process and platforming some of the key challenges yet to be addressed.

Chapter 2: The Creative Industries and Entrepreneurship in East and Southeast Asia

Desmond Hui

Subjects: business and management, entrepreneurship


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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