Online Event: The Show Must Go On – Creative Economies During Covid-19

Historically, creative industries have been more resilient to economic shocks than other sectors of the global economy. In the face of the 2008 financial crisis, international trade declined by 12 percent, yet trade in creative goods and services continued to grow. The Covid-19 epidemic is no exception when it comes to the growth of the creative economy. Besides a source of economic strength and resilience, the sector also provides countries with a critical source of soft power as it serves as a conduit for the association and cultural connection, which is more important than ever before as mobility in the world is increasingly limited.
 
Last year, with support from the Ministry of Culture, Republic of China (Taiwan), CSIS had the opportunity to examine Taiwan's lessons to the global creative economy industry. With continued grant support, CSIS spent this past year studying how Australia and India have grown their creative sectors and consider how foreign assistance and development aid tools can help other Indo-Pacific countries build capacity in their creative economies. CSIS is pleased to release a new research report, "Creative Economies in the Indo-Pacific and Covid-19," that lays out findings from this research while also highlighting how Taiwan can operationalize its New Southbound Policy by tapping into the region's potential for the creative sector, and supplementing the United States' efforts to secure a free and open Indo-Pacific.

This event is made possible thanks to the generous contribution from the Ministry of Culture, Republic of China (Taiwan).