April 27th, 2006
THE CREATIVE CLASS
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From an article forwarded by Ratoola.
India ranks 41st of 45 countries on Richard Florida’s Global Creativity Index, an aggregate measure of its strength across the 3 Ts of economic development: Technology, Talent and Tolerance. Not surprisingly, India does well on Technology, ranking 23rd worldwide. But, despite its globally renowned IITs/ IIMs, it ranks 44th on Talent, with only 6 per cent of its population holding a bachelor's degree. It also ranks a lowly 39th on Tolerance, presumably because of the emergence of the right wing political parties.
Richard Florida is an urban planner/ economist known for his revolutionary theory on the rise of the ‘creative class’. He argues that the creative class will be the real driving force for development of economies and the flight of the creative class from an economy will eventually undermine it.
I am told that Florida also has a creativity index for cities. It will be interesting to see how Mumbai/ Delhi/ Bangalore/ Kolkata stack up against each other.
