Developed countries must be incredibly innovative to secure incomes and welfare so that they may successfully compete against international rivals. This book focuses on two specific but interrelated aspects of innovation by incumbent firms and entrepreneurs, the role of geography and of open innovation.
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This timely research review explores the emerging concept of the economics of creative industries. Professor Potts analyses key papers authored by leading scholars in the field which cover the evolution and development of this new area of study. Topics addressed in this review include economic theory foundations, creative economic agents, contracts and organizations, creative industries dynamics and innovation, creative cities and clusters and digital new media and intellectual property.