"Based on the study estimates, the total contribution of CBIs to the Bhutanese economy in 2008 was 5.5% of GDP or Nu.3,009 million; 10.1% of total employment or 25,215 persons; 4.0% of total exports or Nu. 912.4 million; 6.9% of total imports or Nu.1,604.8 million. The contribution of CBIs to GDP wa
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s only Nu. 648.8 million or 2.8% in 2001, but it increased almost fivefold by 2008. In other words, CBIs grew at a rapid pace of about 21.3% per annum, outperforming the national economy, which grew at 9.0% during the period. Interestingly, each of four CBI groups surpassed the national growth rate during this period. The core and interdependent CBIs grew the fastest at 123% per annum, followed by the non-dedicated support industries at 14.5%. The high rate of growth of core CBIs during this period is due to the low base of growth. Prior to the year 2000, the main core CBIs such as printing press, literature, films, TV and cable TV, IT and IT-enabled services hardly existed. Their significant growth took place only after the year 2000. Given the unique structure of the Bhutanese economy and the differing growth among CBI groups, the partial CBIs are relatively more significant in Bhutan. The core and partial CBIs accounted for an overwhelming 75% of the total CBI share of GDP in 2008. This is because many of the core and partial CBIs flourished due to economic liberalisation, which became more systemic, especially after 2005. This is also due to the promotion of cultural tourism. The core CBIs accounted for about 34%, partial contributed 41%, non-dedicated support industries accounted for 14%, and the interdependent CBIs 11% of the total value added of CBIs. The relatively small share of the interdependent CBIs is due to the weak manufacturing base in Bhutan." (Executive summary, page 5-6)
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"The study showed that, in 2005, the contribution of the copyright-based industries (CIs) to the gross domestic product (GDP) of Ukraine amounted to 2.85 per cent or 12,583.54 million UAH. At the same time the total contribution of the core CIs constituted 1.54 per cent or 6,815.61 million UAH. The
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contribution of CIs to gross national production in 2005 amounted to 3.47 per cent, or 36,336.71 million UAH. The contribution of the core CIs to gross production constituted 2.07 per cent, or 21,714.34 million UAH. The total number of employees in the CIs in 2005 amounted to 360,412 persons or 1.91 per cent of the total working population of Ukraine." (Summary, page 4)
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"The total value added of the copyright-based industries in Colombia reached Col$9.5 millions of millions in 2005 (approximately 4,800 million US dollars) from Col$5.7 millions of millions in 2000. As a percentage of GDP, the CBI represented an average of 3.3 per cent throughout the period. In real
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terms, i.e. discounting price increases, the value added of the CBI grew 29 per cent in five years from Col$2.4 millions of millions in 2000 to Col$3.1 millions of millions in 2005 (at 1994 constant prices). During the period analyzed, the CBI had an average participation in GDP of 3.3 per cent. This rate is similar to the share of electricity and gas, slightly higher than the contribution of crude oil and natural gas extraction and more than double that of coffee and coal. The latter comparison emphasizes the importance of the CBI in national output since coffee and coal are two important Colombian exports, which have a significant share in the global market. The composition of the CBI is as follows: the core industries represent 56 per cent of the total value added generated by these economic activities, followed by interdependent (24 per cent), non-dedicated support (13 per cent) and partial copyright industries (8 per cent)." (Executive summary, page 10)
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"The Guide contains information and recommendations for research teams and copyright professionals embarking on the stimulating and challenging study of the contribution of the copyright-based industries to the national economy. This publication is intended as a practical tool to facilitate national
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and regional surveys. The Guide lays out the thrust of the main legal, economic and statistical concepts, relevant to the survey. While general in its basic approach, it contains some indispensable technical detail. The Guide will be tested in specific surveys and will be further refined in accordance with the results obtained." (Preface)
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"Clearly as important providers of information, the media are more likely to promote better economic performance when they are more likely to satisfy three conditions: the media are independent, provide good-quality information, and have a broad reach. That is, when they reduce the natural asymmetry
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of information, as Joseph Stiglitz puts it in chapter 2, between those who govern and those whom they are supposed to serve, and when they reduce information asymmetries between private agents. Such a media industry can increase the accountability of both businesses and government through monitoring and reputational penalties while also allowing consumers to make more informed decisions.
This book cites many examples that demonstrate the value of information provided by the media. Alexander Dyck and Luigi Zingales (chapter 7) discuss how the media can pressure corporate managers and directors to behave in ways that are socially acceptable, thereby avoiding actions that will result in censure and consumer boycotts. They also report that in Malaysia, a recent survey of institutional investors and equity analysts asked which factors were most important to them in considering corporate governance and the decision to invest in publicly listed corporations. Those surveyed gave more importance to the frequency and nature of public and press comments about companies than to a host of other factors considered key in the academic debate. However, the dissemination of credible information in a timely manner depends critically on how the media business is managed and regulated. The chapters in this book document evidence on media performance and regulations in countries around the world and highlight what type of public policies and economic conditions might hinder the media in supporting economic development in poor countries." (Pages 1-2)
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