Creative Economy Outlook 2022

Creative Economy Offers Countries Path to Development

In Creative Industries by Europa Regina

Creative Economy Offers Countries Path to Development, Says New UNCTAD Report

UNCTAD defines creative industries as cycles of creating, producing and distributing goods and services that use creativity and intellectual capital as primary inputs. They comprise a set of knowledge-based activities that produce tangible goods and intangible intellectual or artistic services with creative content, economic value and market objectives.

The Creative Economy Outlook 2022 report says that although creative services exports vastly exceed those of creative goods, developing countries are underrepresented and face hurdles in exporting these services. In addition, there is a significant creative trade data gap between developed and developing countries.
> read more