Budapest: A great place for creative industry development?

• Published in: Urbani izziv Vol. 21; no. 2; pp. 127 - 138
• Main Authors: Kovács, Zoltán, Egedy, Tamás
• Format: Journal Article
• Language: English
• Published: Urbanistični inštitut Republike Slovenije 01.01.2010; Urban Planning Institute of the Republic of Slovenia; Urbanistični inštitut Republike Slovenije/Urban Planning Institute of the Republic of Slovenia; Urbanistični inštitut RS
• Subjects: Budapest; Capitalism; Cities; Competitiveness; creative and knowledge-intensive industries; creative economies; Creativity; Cultural industries; Cultural industry; Economic activity; Economic development; Economic regions; Economic sectors; Geographic regions; hard and soft location factors; Hungary; Innovation; International economics; Knowledge industries; Local economy; Social Sciences; Urban economics; Budapest; creative economies; Hungary; hard and soft location factors; creative and knowledgeintensive industries
• ISSN: 0353-6483; 1855-8399; 1855-8399
• DOI: 10.5379/urbani-izziv-en-2010-21-02-006

The triggering factors of urban development have changed continuously over the past decades, always adapting themselves to the processes of globalisation and related trends. Nowadays creativity, knowledge and innovation are broadly recognised as the essential ingredients of economic success in the advanced capitalist world. Thus, creative and knowledge-intensive industries are increasingly seen as the most important economic activities for international competitiveness. In terms of metropolitan regions, eastern European cities have a special position because of their belated entrance into and development in the creative economy. The current trends taking place within the creative economies of metropolitan regions in eastern Europe could also influence the future economic perspectives of the European Union. Regarding the new economic development tendencies outlined above, this paper highlights the capacity and potentials of the Budapest Metropolitan Region based on statistical analyses and results of empirical surveys and in-depth interviews carried out among creative professionals.