Date Added: Mar 2011
The slogan for today could well be 'We all live in creative times'. If the last century was the century of production, this century is proving to be the era of innovation and creativity. The evidence is abundant. The UK economy has been transformed over the last 30 years. A generation ago a third of the workforce were directly employed in manufacturing. Today it is less than 10%. Then manufacturing contributed 25% of total GDP. Today it is 12%. Globalisation has opened up opportunities for disaggregation and integration previously undreamt of. Trade has boomed in both goods and services, despite the major hiccup of the recent global finance-created recession.