The Philippines Gets Creative With Economic Development
There’s real money in the make-believe economy. Filipinos are prioritizing the creation of films, art, advertising and software to aid in their next economic boom. With automation threatening the Southeast Asian country’s outsourcing industry and the unreliability of remittances from expat workers, they’re coming up with creative alternatives. Since 2009, such industries have grown from 5 to 7.34 percent of GDP. Now government departments are crafting a creative industries master plan, making the sector a national priority while providing incentives, funding and training — hoping to inspire great works from budding visionaries.