Creative Economy Development

Creativity is the untapped and innate human resource, whose potential economies have yet to harness. It can contribute to prosperity, to cultural exchange and social justice.

The creative economy includes several subsectors that offer the potential for wealth and job creation, when accompanied by appropriate policies and strategies. These include industries related to advertising, arts, architecture, crafts, design, film and audio-visual media, as well as the agribusiness sector for textiles, fashion design, leather, furniture, (slow) food and even community-based tourism-related services.

The current global geo-economic shifts offer a crucial source of national competitiveness to generate new jobs and empowerment opportunities for communities to transform their creative sectors and industrial landscapes with innovation, as well as respond to new opportunities, utilizing creativity, rich cultural heritage and diverse knowledge to create competitive goods and services.

Creative youth entrepreneurship should be seen as a central part of mainstream economic development strategy that can transform creativity and human capital into opportunities for inclusive growth and sustainable development.