Regress: Journal of Economics & Management
Vol. 3 No. 3 (2024)

Medan City Economic Transformation: The Role of Management in Development of the Creative Industry Sector

Supriadi, Supriadi (Unknown)
Helmi, Tengku Ahmad (Unknown)
Tarigan, Nur M. Ridha (Unknown)
Bangun, Mira Srinina (Unknown)



Article Info

Publish Date
29 Feb 2024

Abstract

This research examines the economic transformation of Medan City through the development of the creative industry sector, with a focus on the role of government management in supporting the growth of the sector. This study uses a qualitative method with a case study approach, involving in-depth interviews with stakeholders, document analysis, and field observations. The results of the study show that the creative industry in Medan has developed rapidly and made a significant contribution to the city's Gross Regional Domestic Product (GDP). The role of government management, especially through incentive policies, infrastructure development, and educational programs, has proven important in creating an ecosystem that supports innovation and collaboration. However, challenges such as limited access to funding and lack of qualified human resources are still obstacles to further development. The research also highlights the positive social and economic impacts of the sector, including job creation and the preservation of local culture. In conclusion, the development of creative industries in Medan City shows great potential to become a major pillar in the city's economic transformation, with important implications for development policies in other regions.

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Journal Info

Abbrev

REG

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Regress: Journal of Economics & Management is a peer-reviewed journal published by the Medan Resource Center. The journal aims to advance theoretical and practical knowledge by promoting high-quality research and providing a platform for researchers, academicians, and practitioners to share their ...