Getting Back on Track

2009 began on a very different note than 2008, when art and culture rode a rising and then crashing wave of global economic prosperity, supercharged by the Beijing Olympics and major art festivals in capitals across the Asia-Pacific region. The messy international financial crisis that began in late 2008 and is likely to continue through at least all of this year, has put a stranglehold on public and private cultural budgets, museum programming and the expansion plans of institutions around the world. Reduced personal spending on art will have a domino effect…

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