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Document Number: 5630

The Creative Economy - America's Industrial Economy is giving way to the Creative Economy. The Bureau of Labor Statistics projects that by 2005, the percentage of workers employed in industry will fall below 20%. But the fields of technology, intellectual property, art and design, and entertainment are booming, as are resources devoted to them. Increasingly, the U.S. economy is based less on physical capital and more on ideas, which can spread and replicate easily and efficiently. Companies and organizations therefore must adapt to the changing demands of the market place to remain competitive. (Business Week, August 28, 2000)...

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