Making full use of a creative economy

By Ong Wooi Leng

July 2015 PENANG ECONOMIC INDICATOR
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Penang’s explosion in the arts scene couldn’t have come at a better time.The importance of a creative economy is undeniable – it generates income, jobs and export earnings based on the practical ingenuity of individuals and groups. According to Unesco’s 2013 Creative Economy report, a total of US$624bil in world trade was generated by creative goods and services in 2011, which has more than doubled since 2002. Likewise, the export of creative goods and services saw a strong growth in...

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Ong Wooi Leng

heads the Socioeconomics and Statistics Programme at Penang Institute. Her work lies in labour market analysis and socio-economic development.


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