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Future Cities
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Future Cities

Driving Growth Through the Creative Economy

The Economist Intelligence Unit
EIU, 2015
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8

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New York, London and Paris are thriving cities that owe their reputations as much to their cultural output as to their financial sectors and corporate headquarters. But what about the planet’s striving second-tier cities? Can they ride the arts to fame and fortune, too? The Economist Intelligence Unit examines that topic in this engaging overview that singles out five metropolises – Austin, Berlin, Mexico City, Mumbai and Seoul – to highlight how the creative fields have affected their economies as well as their quality of life. Because of its brevity, the report glosses over urban challenges such as pollution, traffic and crime, but getAbstract suggests it to policy makers and urban planners for its insights into what makes urban centers flourish.

Take-Aways

  • Whether the medium is music, film, art, television or digital gaming, cultural output can play a major role in putting a city on the map.
  • The South by Southwest (SXSW) arts and technology festival in Austin, Texas, added $315 million to the city’s economy in 2014.
  • Art and fashion tourism has helped Berlin, a capital of the visual arts, to more than double the city’s hotel stays from 2004 to 2013.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

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