Toronto's place in the "creative economy" - Excalibur - 0 views
-
What is this creative economy? It is an economic system that relies most on ideas to serve as its major capital, instead of services or physical capital. Take Google for example. In an economy based on ideas, the potentialfor breakaway successes like Google is far greater.
-
According to Richard Florida’s The Rise of the Creative Class: And How it’s Transforming Work, Leisure,Community and Everyday Life, members of the creative class are very different from those who are employed in the manufacturing, service or agriculture industries. They contribute to our economy primarily by producing the new forms and ideas exploited by our various industries and decision-makers. What Florida terms the “super creative core” of this new class includes “scientists and engineers, university professors, poets and novelists, artists, entertainers, actors, designersand architects, as well as the ‘thought leadership’ of modern society: non-fiction writers, editors, cultural figures, think-tank researchers, analysts and other opinion-makers.”
-
What sets a creative city apart from a non-creative city? Florida proposes that it is the “three Ts of economic development”: technology, talent and tolerance.
- ...3 more annotations...
-
Florida promote a drawback on new capital investments in such traditional creative staples as ballet, opera, symphony and museums. Although these are necessary public entertainment options to maintain, studies show the majority of university students and young to middle-aged professionals who make up the bulk of the emerging creative class, in fact, prefer more accessible venues.
-
Florida is not saying the city should fund the construction of all these venues, but should support them with entrepreneurial assistance, specified tax-cuts and governmenttools to ease operation, like streamlining the bureaucracy behind applying for liquor licences and permits for musical events and public attractions.
-
The MaRS centre, located at College St. and University Ave. in downtown Toronto, is a fantastic first step in better integrating the city’s creative talents in the technology and science fields. But more buildings and communities like this need to be developed to take advantage of all of Toronto’s creative economic potential.
-
David Tal contributer to Excalibur exams what is the creative economy. Mention of MaRS being a fantastic first step in integrating the city's creative talents in technology and science.
-
David Tal contributer to Excalibur exams what is the creative economy. Mention of MaRS being a fantastic first step in integrating the city's creative talents in technology and science. Sept 23, 2009