The creative economy is one of the world’s fastest-growing sectors. These industries create employment and income, promote innovation, and contribute to societies’ well-being. The creative economy offers a feasible development option to all countries and in particular to developing economies. More data and innovative and multidisciplinary policy responses are needed to enhance the development impacts of the creative sector. Advertising, architecture, arts and crafts, design, fashion, film, video, photography, music, performing arts, publishing, electronic publishing, research and development, software, computer games, and television and radio are a part of the lifeblood of the creative economy.
The Bridgetown Covenant, adopted at the fifteenth session of the United Nations Conference on Trade and Development, mandated UNCTAD to support developing countries in diversifying production and exports in the creative sector, analyse the creative industries, and provide insight into the global creative economy that can support countries to take advantage of the potential offered in this sector.
Furthermore, the United Nations General Assembly resolution 74/198 on the International Year of Creative Economy for Sustainable Development, requested UNCTAD, in consultation with UNESCO and relevant entities of the United Nations system, to inform the General Assembly at its seventy-seventh session of the implementation of this resolution, through a dedicated section of the Creative Economy Outlook, elaborating in particular on how the resolution is aligned with and advances the 2030 Agenda.”
UNCTAD’s creative economy work supports developing countries in enhancing knowledge and understanding of the creative economy and its contribution to sustainable development and international trade. The secretariat assists countries in consensus building and increasing capacity in policies targeting creative industries.
The present report is UNCTAD’s third Creative Economy Outlook. It gives an update on the state of the creative economy and international trade in creative goods and services. This report also responds to the request to UNCTAD to inform the General Assembly of the implementation of the United Nations General Assembly resolution 74/198.
The report is published at a time when the global community faces some of its most significant challenges in decades: the COVID-19 pandemic, looming climate change and environmental crisis, geopolitical tensions, and a major cost-of-living crisis. Despite these challenges, the creative economy remains a critical sector for sustainable development. It can help diversify production, build competitive advantage, attract investment, support entrepreneurship and innovation, and promote cultural diversity and well-being.
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2022-10-06 21:40:18Z
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