Iran (IMNA) - The creative economy too has no single definition. It is an evolving concept which builds on the interplay between human creativity and ideas and intellectual property, knowledge and technology. Essentially it is the knowledge-based economic activities upon which the ‘creative industries’ are based.
The creative economy –which includes audiovisual products, design, new media, performing arts, publishing and visual arts– is a highly transformative sector of the world economy in terms of income generation, job creation and export earnings. Culture is an essential component of sustainable development and represents a source of identity, innovation and creativity for the individual and community. At the same time, creativity and culture have a significant non-monetary value that contributes to inclusive social development, to dialogue and understanding between peoples. Today, the creative industries are among the most dynamic sectors in the world economy providing new opportunities for developing countries to leapfrog into emerging high-growth areas of the world economy.
Economic Growth Strategies
Cultural and creative industries should be part of economic growth strategies, according to the 2015 UNESCO report Cultural times: The first global map of cultural and creative industries. These industries are among the most dynamic sectors in the world economy, generating $2.25 billion in revenue and 29.5 million jobs worldwide. In that spirit, countries are harnessing the potential of high-growth areas of the market for economic returns and poverty alleviation.
New Momentum
On #WCID, the world is invited to embrace the idea that innovation is essential for harnessing the economic potential of nations. Innovation, creativity and mass entrepreneurship can provide new momentum for economic growth and job creation. It can expand opportunities for everyone, including women and youth. It can provide solutions to some of the most pressing problems such as poverty eradication and the elimination of hunger.
Impacts on the creative industry during the pandemic
According to the Report “Re|shaping policies for creativity: addressing culture as a global public good”, the crisis generated by the pandemic led the Gross Value Added in the cultural and leisure sectors to decrease by US$ 750 billion, and 10 million jobs were lost in 2020. The document shows that the cultural sector has been suffering major impacts since the beginning of the pandemic, while support for the development of cultural and leisure projects continues to decline. In several countries, sector revenues have fallen by between 20% and 40%.
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