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Definetion of Creative Economy

Posted on January 26, 2013 at 6:05 PM

The ‘creative economy’ is an evolving concept based on creative assets potentially generating economic growth and development. It can foster income generation, job creation and export earnings while promoting social inclusion, cultural diversity and human development. It embraces economic, cultural and social aspects interacting with technology, intellectual property and tourism objectives. It is a set of knowledge-based economic activities with a development dimension and cross-cutting linkages at macro and micro levels to the overall economy. It is a feasible development option calling for innovative, multidisciplinary policy responses and inter-ministerial action. At the heart of the creative economy are the creative industries. Source: UNCTAD 2010, p.10

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