Creative industries play a key role in the knowledge economy

The worldwide growth in the `knowledge economy’ since the early 1980s, fuelled by powerful, cheap technology and consumer demand, has been unstoppable; by 2004 UK business investment in knowledge-based (intangible) assets was 1.4 times investment in physical assets, having been only 40% in 1970.

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...

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