The contribution and potential of creative assets to contribute to economic growth and development.

 



The creative economy (also known as the orange economy) is an evolving concept based on the contribution and potential of creative assets to contribute to economic growth and development. It embraces economic, cultural and social aspects interacting with technology, intellectual property and tourism objectives: it is a set of knowledge-based, and thus more localized, economic activities with a development dimension and cross-cutting linkages at macro and micro levels to the overall economy. There is not a single definition of creative economy, and the different definitions usually overlap. A common characteristic is that the creative economy has a multitude of dimensions, making contributions to economic, social, cultural development and has a potential for contributing to achieving the sustainable development goals. 

The creative economy is a feasible development option, which can be realized through innovative multidisciplinary policy responses and inter-ministerial action. At the heart of the creative economy are the creative industries which can be defined as the cycles of creation, production and distribution of goods and services that use creativity and intellectual capital as primary inputs. UNCTAD and UNDP classify them by their roles as heritage, art, media and functional creations1. These industries include advertising, architecture, arts and crafts, design, fashion, film, video, photography, music, performing arts, publishing, research and development, software, computer games, electronic publishing and TV/radio. Creative industries deal with the interplay of various sub-sectors ranging from traditional crafts, books, and visual and performing arts, to more technology-intensive and services-oriented fields such as the music and film industries, television and radio broadcasting, new media and design. People conceptualize and arrange this work, then produce and/or publish it and, ideally, get paid for it. This is no different from other production processes, except that the major input stems from original or copyrightable intellectual property (IP).

Comments

Post a Comment

Popular posts from this blog

Policy recommendations to strenghten and support the creative economy.

Image
  ◊ At the UN level  (A) Commit and contribute to the centering of cultural and creative industries as a driver of trade, development and national and regional systems of innovation;  (B) Recognize, acknowledge and address the historical, embedded and deeply rooted nature of global inequality, particularly as it relates to the development of cultural, creative and technological systems and their linkages to the globalization of trade;  (C) Place greater emphasis on the social and developmental benefits of the creative and technological sectors;  (D) Galvanize the support to capitalize an innovation fund aimed at financing the development and commercialization of content and solutions emerging from creative industries in developing and least developed countries;  (E) Reinforce work in this area at the United Nations Secretariat to support countries in their efforts to nurture their creative industries to maximize their respective trade and development goals...
Read more

Proclamation of April 21th as World Creativity and Innovation Day.

Image
  The General Assembly, Bearing in mind the Charter of the United Nations, including the purposes and principles contained therein, and the functions and powers of the United Nations system, especially in promoting international cooperation in the economic, social, cultural, educational and health fields , Recalling the Constitution of the United Nations Educational, Scientific and Cultural Organization, which states that the organization, as part of its purposes and functions, will maintain, increase and diffuse knowledge by encouraging cooperation among the nations in all branches of intellectual activity , Reaffirming its resolution 70/1 of 25 September 2015, entitled “Transforming our world: the 2030 Agenda for Sustainable Development”, in which it adopted a comprehensive, far-reaching and people-centred set of universal and transformative Sustainable Development Goals and targets, Reaffirming also the outcome document of the United Nations Conference on Sustainable Developmen...
Read more

Constraints to integration into mainstream economy a the country level.

Image
There are significant challenges to giving the creative economy the attention it deserves from mainstream economic philosophy .  Two main factors are responsible.  First, the quantification limitation of mainstream economic philosophy tends to prefer capturing the direct returns to economic activity, which may not always be captured in creative industries (e.g. approaches to valuing the value-addition of a patent), and can vary significantly due to access to markets, organizational capacity, and commercialization prospects.  The second factor relates to how mainstream economic philosophy captures externalities , which often play an important role in the creative economy, such as cultural exposure, proximity of varying artistic expressions to each other, and the role of demographic factors that influence creative economy prospects.
Read more