MITA'S PAPER ON A MAKING A CREATIVE SINGAPORE
"For every dollar spent on cultural activities, another $1.80 is spent on related activities such as food and hospitality," remarks the Ministry of
Information, Communications and The Arts in a paper promoting the "new paradigm" of art as cultural capital.
"Singapore views culture as having
economic value," says MITA's permanent secretary, Tan Chin Nam.
MITA's paper details how earlier plans to make Singapore a Renaissance City have been upgraded to 2.0, and that "cultural capital" working in "creative clusters" will turn Singapore into a "creative economy".
In May 2002, the government actually revealed a mathematical formula for creating cultural capital: A+B+T = CC
(Translation: Art + Business + Technology
= Creative + Connected Singapore)