Description

This book addresses the conflicting claims of scholars concerning the growth performance and socioeconomic consequences of the creative economy and class. Policies for the cultural economy are increasingly prominent within planning, development and place-marketing programs, requiring large resource commitments, but producing highly uneven results. New cultural economy is reshaping urban labour, housing and property markets, contributing to gentrification and to 'precarious employment' formation, as well as to broadly favorable outcomes, such as community regeneration and urban vitality. This book acknowledges the important growth dynamics and sustainability of key creative industries, including the resiliency of the cultural market during the recent deep recession, while underscoring more problematic features.