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Local arts companies are cutting costs in a bid to avoid the dramatic downsizing forced upon many of their United States counterparts by the global economic crisis. Will it be enough?
Yu In-chon, Minister of Culture, Sports and Tourism in a published address notes that "There may seem to be no relation between culture and the economic crisis, but the fundamental way to cope with it comes from culture because it heals people's painful hearts. During these economically difficult times, our lives would be much harsher without culture and art".
A look at successful strategies adopted by artists and arts organisations in previous recessions.
The annual Mountain Film Festival, which features films themed around mountains, mountain culture, the environment and nature, is hit by the economic crisis this year. Because of a lack of sponsors, some sections of the festival have been canceled.
Christine Albanel presents the measures put in place for culture, as part of the stimulus planto respond to the effects of the financial crisis.
Now that Britain is officially in recession, will people start spending less money on culture? The conventional wisdom is that the arts don't suffer during times of economic hardship because the need for escapism is greater than ever and this is borne out by the latest statistics.