Lessons for Building Creative Economies
Many countries around the world have large populations of impoverished people and high unemployment rates. In order to improve conditions in these countries, national governments must come up with effective economic growth strategies, and strengthening the creative industries should be at the forefront of these strategies. Over 100 countries have national plans for their creative economies, but few have made significant progress toward creating the enabling environment for creative industries—film, fashion, music, art, gaming, etc.—to thrive. World trade in creative goods and services grew at an average annual rate of 14 percent between 2002 and 2008, even during the 2008 global financial crisis. The countries with the largest creative economies in 2013 were the United States, China, Britain, Germany, Japan, France, and Brazil. The creative economy is a major driver of job creation, and countries that are implementing policies to boost their creative industries are already reaping the benefits. The longer countries wait, the more difficult it will be to create an enabling environment needed for culture and creative industries.
Overtaking Europe and North America, the Asia-Pacific is now the world’s leading region in CCIs, producing $743 billion in revenue in 2013. Through the launch of the Free and Open Indo-Pacific Strategy under President Donald Trump’s administration, the United States is rapidly expanding its engagement in Asia. Similarly, Taiwan launched the New Southbound Policy (NSP) in 2016, aiming to expand its development impact among its neighbors. One country that is looking for partners on the creative economy is Indonesia, which has enormous potential for growing both its creative imports and exports.
As part of this public event, CSIS will be releasing a report, Lessons for Building Creative Economies, based on recent case study trips to Taipei, Taiwan and Jakarta, Indonesia. The report will be posted on this webpage on December 3, and hard copies will be available at the public event.
This event is made possible with generous support from the Ministry of Culture of Taiwan.