Creative Economy

E – Documents

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Evidence shows that trade in creative goods and services is important to the economies of developing countries, and the importance of this trade high- lights the strength of the creative economy in many parts of the developing world. Despite the difficult obstacles that many developing countries face in accessing global markets for creative products there is the potential for looking to export expansion as a source of growth for the creative economies of these countries.

Policy strategies to encourage the development of the creative industries in Southern countries must recognize the cross-cutting and multidisciplinary nature of the creative economy, with its widespread economic, social and cultural linkages and ramifications. Key elements in any package of policy measures are likely to emphasize the “creative nexus” between investment, technology, entrepreneurship and trade.

Evidence-based policy-making is hampered at present by a lack of comprehensive and reliable data on the various dimensions of the creative economy. Progress can be made in assessing production and trade in creative products in developing countries using existing statistical sources. Further progress, however, requires the development of new models for gathering data (qualitative and quantitative) concerning the creative industries and how they function within the economy as well as improvement in the quality of current data-collection processes.

Current IPR legislation has not been able to avoid economic asymmetries. Therefore, efforts to enforce IPR regimes should ensure that the interests of artists and creators from developing countries are duly taken into account. Intellectual property should provide a stimulus to creators and entrepreneurs in the form of a tradable economic asset that is instrumental to enhancing the potential of the creative sector for development.

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