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Culture and Commerce: Traditional Arts in Economic Development
Source: www.urban.org
Topic: Economic Development
Sort Desciption: In this report we will use culturally-based economic development as a label for those activities intended to promote increased ...
Content Inside: CULTURE AND COMMERCE: TRADITIONAL ARTS IN ECONOMIC DEVELOPMENT The Urban Institute + The Fund for Folk Culture 2003 Chris Walker Maria Jackson Carole Rosenstein The Urban Institute Metropolitan Housing and Communities Policy Center Submitted to: The Fund for Folk Culture Santa Fe New Mexico Supported by: The Ford Foundation The nonpartisan Urban Institute publishes studies reports and books on timely topics worthy of public consideration. The views expressed are those of the authors and should not be attributed to the Urban Institute its trustees or it funders. 2003 The Fund for Folk Culture CULTURE AND COMMERCE: TRADITIONAL ARTS IN ECONOMIC DEVELOPMENT TABLE OF CONTENTS I. EXECUTIVE SUMMARY 11 THE INITIATIVE 12 THE RESEARCH 13 A ROADMAP OF THE REPORT 14 DEFINITION OF TERMS 16 II. OPPORTUNITIES AND CHALLENGES IN CULTURE-BASED ECONOMIC DEVELOPMENT 17 THREE ARGUMENTS FOR THE VALUE OF TRADITIONAL ARTS TO ECONOMIC DEVELOPMENT 17 1. Active cultural participation can build strong communities. 17 2. Strengthening cultural communities creates economic value. 19 3. The value created by cultural production can be harnessed for regional growth. 10 MARKET PROBLEMS FACING THE TRADITIONAL ARTS 11 1. Possible buyers are uninformed about product quality availability and cost. 11 2. Demand for cultural products does not guarantee supply. 12 TYPES OF PUBLIC SECTOR RESPONSE TO DEVELOPMENT PROBLEMS 12 1. Economic development planning frames regional responses to market problems. 13 2. High-quality market information helps producers and buyers reckon risks and returns. 14 3. A stock inventory of financial tools helps promote direct investment in growth. 15 III. THE PROJECTS AND THEIR RESULTS 16 COMMUNITY-BUILDING SHARED VALUES BELIEFS AND CULTURAL PRACTICES 18 WORKFORCE AND BUSINESS DEVELOPMENT EDUCATION ARTISTIC SKILLS AND BUSINESS GROWTH 20 MARKET OPPORTUNITIES FOR TRADITIONAL ARTS 22 Continued on next page. TABLE OF CONTENTS CONTINUED IV. THE PARTNERS A ...
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