CRI 100 Lecture Notes - Lecture 5: Rust Belt, Design Exchange, Quartier Des Spectacles
17 Jan 2017
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Document Summary
The creative industries + economy in canada: the creative industries is a rising economy in canada everyone is jumping on the bandwagon. We must put creativity at the heart of toronto"s economic development strategy. Mayor david miller: jobs in the creative industries are less vulnerable than those in the service/manufacturing industries. Even in economic downturn, the services and products offered by the ci are often the last thing people give up: the creative industries are very attached to their milieu. Losing upwards of 30k jobs/month during the 2008 crisis: accelerating its transition to a knowledge-intensive economy. Increasing global competition: tax credits, cheap production, etc. Even within the country; inter-provincial competition: attracting/retaining talents beyond entry-level positions, access to financing and growth capital, rapid technological change: music anyone, feeling satisfied! If a company stops growing, it dies: a company"s competitive advantage can shift within months. tastes, trends, business models change. Case study 1: the television industry
