Creative industries play a key role in the knowledge economy
Ian Brinkley
A knowledge-based economy is, of course, not new – knowledge-based institutions, such as universities, go back centuries. But in the late 1970s and early 1980s, three major economic and social forces combined to initiate a radical change in economic structures across the Organisation for Economic Cooperation and Development (OECD):
the introduction of very powerful and relatively cheap general purpose information and communication technologies that have gone on getting more powerful and cheaper at an accelerating rate
powerful consumer markets made up of well-educated and demanding consumers with a...